Wavvest Wealth LLC Purchases 2,307 Shares of Curtiss-Wright Corporation $CW

Wavvest Wealth LLC purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,307 shares of the aerospace company’s stock, valued at approximately $1,255,000. Curtiss-Wright accounts for 1.0% of Wavvest Wealth LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jackson Thornton Wealth Management LLC increased its position in shares of Curtiss-Wright by 4.9% during the 1st quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 19 shares during the last quarter. AIA Group Ltd lifted its position in Curtiss-Wright by 0.6% in the first quarter. AIA Group Ltd now owns 3,412 shares of the aerospace company’s stock valued at $2,324,000 after buying an additional 19 shares during the last quarter. Parallel Advisors LLC lifted its position in Curtiss-Wright by 10.5% in the first quarter. Parallel Advisors LLC now owns 305 shares of the aerospace company’s stock valued at $208,000 after buying an additional 29 shares during the last quarter. Private Advisor Group LLC lifted its position in Curtiss-Wright by 0.7% in the first quarter. Private Advisor Group LLC now owns 4,686 shares of the aerospace company’s stock valued at $3,192,000 after buying an additional 31 shares during the last quarter. Finally, Cooper Financial Group lifted its position in Curtiss-Wright by 9.3% in the third quarter. Cooper Financial Group now owns 376 shares of the aerospace company’s stock valued at $204,000 after buying an additional 32 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Trading Down 0.2%

Shares of NYSE CW opened at $494.09 on Thursday. Curtiss-Wright Corporation has a twelve month low of $485.80 and a twelve month high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $566.86 and a 200-day simple moving average of $676.03. The stock has a market capitalization of $18.25 billion, a PE ratio of 34.00, a PEG ratio of 2.07 and a beta of 0.88.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The firm had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the previous year, the business earned $3.23 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Curtiss-Wright Corporation will post 15.33 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $1.04 annualized dividend and a yield of 0.2%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s dividend payout ratio is presently 7.16%.

Analyst Upgrades and Downgrades

CW has been the subject of several research analyst reports. Morgan Stanley lowered their target price on shares of Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Piper Sandler began coverage on shares of Curtiss-Wright in a research note on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 price target on the stock. Citigroup decreased their price objective on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Guggenheim assumed coverage on shares of Curtiss-Wright in a report on Monday, September 14th. They issued a “buy” rating and a $786.00 price objective on the stock. Finally, Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $686.25.

Insider Activity

In other news, EVP John C. Watts sold 1,035 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry D. Wyche sold 100 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the sale, the director directly owned 1,414 shares in the company, valued at $843,790.36. This represents a 6.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.