Curtiss-Wright Corporation $CW Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 19.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,813 shares of the aerospace company’s stock after purchasing an additional 294 shares during the period. DAVENPORT & Co LLC’s holdings in Curtiss-Wright were worth $886,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Curtiss-Wright by 5.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,832 shares of the aerospace company’s stock valued at $591,000 after buying an additional 93 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Curtiss-Wright in the 1st quarter worth approximately $232,000. GAMMA Investing LLC raised its holdings in Curtiss-Wright by 41.8% during the first quarter. GAMMA Investing LLC now owns 818 shares of the aerospace company’s stock worth $260,000 after purchasing an additional 241 shares in the last quarter. SG Americas Securities LLC raised its holdings in Curtiss-Wright by 616.8% during the first quarter. SG Americas Securities LLC now owns 2,473 shares of the aerospace company’s stock worth $785,000 after purchasing an additional 2,128 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Curtiss-Wright by 8.1% during the first quarter. Fifth Third Bancorp now owns 934 shares of the aerospace company’s stock worth $296,000 after purchasing an additional 70 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CW. Morgan Stanley lifted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Citigroup raised their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday. Finally, Truist Financial dropped their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a report on Friday, July 11th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $492.86.

Curtiss-Wright Trading Down 2.8%

Curtiss-Wright stock opened at $539.07 on Friday. The company has a 50 day moving average price of $504.92 and a 200 day moving average price of $444.71. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $561.49. 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 firm has a market capitalization of $20.31 billion, a price-to-earnings ratio of 45.49, a P/E/G ratio of 3.39 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.67 EPS. Research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s payout ratio is 8.10%.

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.