Signaturefd LLC Boosts Stake in Curtiss-Wright Co. (NYSE:CW)

Signaturefd LLC raised its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 7.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 401 shares of the aerospace company’s stock after acquiring an additional 29 shares during the period. Signaturefd LLC’s holdings in Curtiss-Wright were worth $132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. bought a new stake in Curtiss-Wright during the first quarter worth about $457,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Curtiss-Wright by 38.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock worth $19,524,000 after acquiring an additional 21,074 shares during the period. State of Michigan Retirement System grew its holdings in shares of Curtiss-Wright by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 9,361 shares of the aerospace company’s stock worth $2,396,000 after acquiring an additional 200 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Curtiss-Wright during the 1st quarter worth approximately $256,000. Finally, Norden Group LLC grew its holdings in shares of Curtiss-Wright by 1,032.2% during the 1st quarter. Norden Group LLC now owns 22,712 shares of the aerospace company’s stock worth $5,814,000 after acquiring an additional 20,706 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CW shares. Stifel Nicolaus upped their target price on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird upped their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Truist Financial upped their target price on Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a report on Friday, October 18th. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.75.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $349.71 on Tuesday. The company has a market capitalization of $13.39 billion, a P/E ratio of 36.02 and a beta of 1.18. Curtiss-Wright Co. has a twelve month low of $195.14 and a twelve month high of $367.55. 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 stock’s 50 day moving average is $326.17 and its 200 day moving average is $292.74.

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

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Insider Activity at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright 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.