Aaron Wealth Advisors LLC Acquires New Shares in Curtiss-Wright Co. (NYSE:CW)

Aaron Wealth Advisors LLC purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 737 shares of the aerospace company’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CW. Versant Capital Management Inc boosted its stake in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after buying an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new position in Curtiss-Wright during the second quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position in Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter. Tsfg LLC lifted its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Price Performance

NYSE:CW opened at $364.34 on Monday. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $320.07 and its two-hundred day simple moving average is $288.49. The stock has a market cap of $13.95 billion, a PE ratio of 37.52 and a beta of 1.18. Curtiss-Wright Co. has a 52 week low of $194.46 and a 52 week high of $366.59.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $735.82 million. During the same period last year, the firm earned $2.15 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, analysts forecast that Curtiss-Wright Co. will post 10.56 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.65%.

Insider Transactions at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the sale, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Robert W. Baird lifted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Stifel Nicolaus lifted their target price on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Truist Financial raised their price target on Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a report on Friday. Finally, StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $326.75.

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.