Wealth Enhancement Advisory Services LLC Increases Stock Position in Curtiss-Wright Corporation $CW

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Curtiss-Wright Corporation by 49.2%, acquiring an additional 3,411 shares, which brings their total holdings to 10,339 shares valued at approximately $5 million as of the latest SEC filing.
• Several other investors significantly boosted their positions in Curtiss-Wright, demonstrating strong institutional interest as 82.71% of the company's stock is now owned by institutional investors.
• Curtiss-Wright has been rated as a "Moderate Buy" by analysts, with a consensus price target of $468.14, reflecting confidence in the company's future growth despite a recent downgrade from a "strong-buy" to a "buy" rating by Wall Street Zen.

Wealth Enhancement Advisory Services LLC increased its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 49.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,339 shares of the aerospace company's stock after acquiring an additional 3,411 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Curtiss-Wright were worth $5,045,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its position in Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares during the period. 1 North Wealth Services LLC bought a new stake in Curtiss-Wright in the 1st quarter worth approximately $32,000. Private Trust Co. NA grew its position in Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after purchasing an additional 124 shares during the period. Finally, Tsfg LLC grew its position in Curtiss-Wright by 112.7% in the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock worth $69,000 after purchasing an additional 115 shares during the period. Institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CW shares. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Citigroup boosted their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Truist Financial cut their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Finally, Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $468.14.

Insiders Place Their Bets

In related news, VP John C. Watts sold 1,110 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Trading Down 1.3%

Shares of Curtiss-Wright stock opened at $511.66 on Thursday. The company has a market capitalization of $19.28 billion, a P/E ratio of 43.18, a P/E/G ratio of 3.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The company has a fifty day moving average of $491.80 and a 200 day moving average of $426.72. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $528.44.

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

Curtiss-Wright Announces Dividend

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

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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