Munro Partners Buys 3,915 Shares of Curtiss-Wright Corporation $CW

Munro Partners increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 2.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 163,571 shares of the aerospace company’s stock after acquiring an additional 3,915 shares during the period. Curtiss-Wright comprises 2.4% of Munro Partners’ holdings, making the stock its 19th largest position. Munro Partners’ holdings in Curtiss-Wright were worth $88,809,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. TD Asset Management Inc raised its position in shares of Curtiss-Wright by 14.4% in the 2nd quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock worth $385,651,000 after acquiring an additional 99,643 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Curtiss-Wright in the second quarter worth $270,731,000. Norges Bank bought a new position in Curtiss-Wright in the second quarter worth $241,537,000. AQR Capital Management LLC boosted its holdings in shares of Curtiss-Wright by 45.8% during the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after buying an additional 122,048 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Curtiss-Wright by 1.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock worth $166,713,000 after buying an additional 6,261 shares during the period. 82.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CW. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday. Citigroup initiated coverage on Curtiss-Wright in a research report on Thursday, December 11th. They issued a “neutral” rating and a $607.00 price target on the stock. Truist Financial increased their price objective on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a report on Tuesday, December 16th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $585.50.

Curtiss-Wright Stock Performance

NYSE CW opened at $568.74 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The business’s 50 day moving average price is $559.81 and its 200-day moving average price is $517.91. The company has a market cap of $20.98 billion, a P/E ratio of 46.35, a P/E/G ratio of 2.99 and a beta of 0.93. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $612.28.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The firm had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.89 EPS. Sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s payout ratio is currently 7.82%.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.