Sequoia Financial Advisors LLC Raises Holdings in Curtiss-Wright Corporation $CW

Key Points

• Sequoia Financial Advisors LLC increased its stake in Curtiss-Wright Corporation by 11.2%, owning a total of 9,954 shares worth approximately $4.86 million.
• Curtiss-Wright's recent earnings report showed a net margin of 13.66% and earnings per share of $3.23, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.24 per share, representing an annualized yield of 0.2% and a payout ratio of 8.10%.

Sequoia Financial Advisors LLC lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,954 shares of the aerospace company's stock after purchasing an additional 999 shares during the period. Sequoia Financial Advisors LLC's holdings in Curtiss-Wright were worth $4,863,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. 1 North Wealth Services LLC acquired a new stake in Curtiss-Wright during the first quarter worth approximately $32,000. Private Trust Co. NA boosted its position in Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after acquiring an additional 138 shares during the last quarter. West Oak Capital LLC acquired a new stake in Curtiss-Wright during the second quarter worth approximately $49,000. Tsfg LLC boosted its position in Curtiss-Wright by 112.7% during the first quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock worth $69,000 after acquiring an additional 115 shares during the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in Curtiss-Wright during the first quarter worth approximately $69,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 0.8%

Shares of CW opened at $555.03 on Wednesday. The firm has a market cap of $20.91 billion, a PE ratio of 46.84, a price-to-earnings-growth ratio of 3.13 and a beta of 1.14. The company's fifty day moving average is $506.86 and its two-hundred day moving average is $448.73. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $564.84. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.67 EPS. Analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright's payout ratio is presently 8.10%.

Analysts Set New Price Targets

CW has been the topic of a number of analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Citigroup raised their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Truist Financial decreased their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $492.86.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.55% of the company's stock.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

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