US Bancorp DE Raises Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

US Bancorp DE boosted its position in Curtiss-Wright Co. (NYSE:CW) by 94.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,873 shares of the aerospace company’s stock after buying an additional 4,300 shares during the quarter. US Bancorp DE’s holdings in Curtiss-Wright were worth $2,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after buying an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in Curtiss-Wright in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after buying an additional 116 shares in the last quarter. Tsfg LLC boosted its stake in Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after buying an additional 67 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 3.0 %

Curtiss-Wright stock opened at $360.41 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright Co. has a one year low of $203.22 and a one year high of $371.04. The stock has a market capitalization of $13.68 billion, a PE ratio of 34.10 and a beta of 1.17. The business’s fifty day moving average is $330.64 and its 200 day moving average is $296.30.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping 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 17.21% and a net margin of 13.20%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $2.15 earnings per share. On average, sell-side analysts predict that Curtiss-Wright Co. will post 10.66 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.21 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s payout ratio is 7.95%.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the firm’s 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 transaction, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the firm’s 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 transaction, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John C. Watts sold 412 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CW shares. Alembic Global Advisors began coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Stifel Nicolaus increased their target price on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird increased their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Morgan Stanley increased their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $362.60.

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.