Vanguard Personalized Indexing Management LLC Purchases 891 Shares of Curtiss-Wright Corporation $CW

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Curtiss-Wright Corporation by 20.7%, now owning 5,188 shares worth approximately $2.54 million.
• Curtiss-Wright reported $3.23 earnings per share for the latest quarter, exceeding analysts' expectations of $3.13, along with a revenue of $876.58 million.
• The company announced a quarterly dividend of $0.24 per share, with an annualized dividend of $0.96 and a dividend yield of 0.2%.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 20.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,188 shares of the aerospace company's stock after purchasing an additional 891 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Curtiss-Wright were worth $2,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Muirfield Wealth Advisors LLC bought a new position in shares of Curtiss-Wright during the second quarter worth $226,000. Callan Family Office LLC purchased a new position in Curtiss-Wright during the 2nd quarter valued at about $302,000. Blair William & Co. IL grew its position in shares of Curtiss-Wright by 3.5% in the 2nd quarter. Blair William & Co. IL now owns 135,371 shares of the aerospace company's stock worth $66,136,000 after buying an additional 4,584 shares during the last quarter. Optas LLC acquired a new stake in Curtiss-Wright in the 2nd quarter worth approximately $321,000. Finally, Massachusetts Wealth Management purchased a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $266,000. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $556.84 on Thursday. The stock's 50 day moving average price is $507.84 and its 200 day moving average price is $449.47. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $575.07. The firm has a market capitalization of $20.98 billion, a PE ratio of 46.99, a price-to-earnings-growth ratio of 3.15 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95.

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

Curtiss-Wright Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on CW shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Truist Financial upped their target price on shares of Curtiss-Wright from $463.00 to $525.00 and gave the stock a "hold" rating in a research note on Wednesday. Morgan Stanley raised their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Citigroup increased their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Stifel Nicolaus raised their target price on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $519.57.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares of the company's stock, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.55% of the company's stock.

Curtiss-Wright Company Profile

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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