Milestone Asset Management LLC Invests $1.10 Million in Curtiss-Wright Corporation $CW

Milestone Asset Management LLC bought a new position in Curtiss-Wright Corporation (NYSE:CW) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,030 shares of the aerospace company’s stock, valued at approximately $1,102,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter worth about $27,000. Penserra Capital Management LLC bought a new stake in Curtiss-Wright during the 2nd quarter valued at about $29,000. 1 North Wealth Services LLC bought a new stake in Curtiss-Wright during the 1st quarter valued at about $32,000. West Oak Capital LLC purchased a new position in Curtiss-Wright in the second quarter worth about $49,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Curtiss-Wright by 53.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after buying an additional 35 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday. Finally, Stifel Nicolaus dropped their price target on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $585.50.

Curtiss-Wright Stock Down 0.3%

Curtiss-Wright stock opened at $567.89 on Thursday. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $612.28. The stock has a fifty day moving average of $560.03 and a 200 day moving average of $518.25. 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 stock has a market cap of $20.94 billion, a PE ratio of 46.28, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93.

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

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.24 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

Curtiss-Wright Company 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.