Whittier Trust Co. of Nevada Inc. Buys 919 Shares of Curtiss-Wright Corporation $CW

Key Points

• Whittier Trust Co. of Nevada Inc. increased its stake in Curtiss-Wright Corporation by 3.4%, owning a total of 27,831 shares valued at approximately $13.6 million after purchasing 919 additional shares in the second quarter.
• Institutional investors hold 82.71% of Curtiss-Wright's stock, indicating strong institutional interest, with several major firms increasing their positions significantly in recent quarters.
• Curtiss-Wright recently reported earnings per share (EPS) of $3.23 for the last quarter, surpassing analysts' expectations and reflecting an 11.7% year-over-year revenue growth.

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,831 shares of the aerospace company's stock after buying an additional 919 shares during the period. Whittier Trust Co. of Nevada Inc. owned approximately 0.07% of Curtiss-Wright worth $13,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Nuveen LLC bought a new position in Curtiss-Wright during the 1st quarter valued at approximately $70,357,000. Bank of New York Mellon Corp increased its position in Curtiss-Wright by 23.3% during the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after buying an additional 104,393 shares in the last quarter. TD Asset Management Inc increased its position in Curtiss-Wright by 14.4% during the 2nd quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company's stock valued at $385,651,000 after buying an additional 99,643 shares in the last quarter. Millennium Management LLC increased its position in Curtiss-Wright by 135.0% during the 1st quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company's stock valued at $48,910,000 after buying an additional 88,557 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in Curtiss-Wright by 2,460.9% during the 1st quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company's stock valued at $29,030,000 after buying an additional 87,927 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Activity 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 stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares of the company's stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.55% of the stock is owned by insiders.

Curtiss-Wright Stock Performance

Shares of CW opened at $561.72 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. 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 $21.17 billion, a P/E ratio of 47.40, a PEG ratio of 3.09 and a beta of 1.14. The business has a fifty day moving average of $512.23 and a 200 day moving average of $456.49.

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

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a $0.24 dividend. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

CW has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on Curtiss-Wright from $457.00 to $502.00 and gave the stock a "hold" rating in a report on Monday. Morgan Stanley lifted their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Finally, Truist Financial lifted their target price on Curtiss-Wright from $463.00 to $525.00 and gave the stock a "hold" rating in a report on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $526.00.

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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