Ifrah Financial Services Inc. Makes New Investment in Curtiss-Wright Corporation $CW

Ifrah Financial Services Inc. acquired a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 470 shares of the aerospace company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CW. GAMMA Investing LLC increased its holdings in Curtiss-Wright by 41.8% during the 1st 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 increased its holdings in Curtiss-Wright by 616.8% during the 1st 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. Wealth Enhancement Advisory Services LLC increased its holdings in Curtiss-Wright by 9.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,928 shares of the aerospace company’s stock worth $2,198,000 after purchasing an additional 575 shares in the last quarter. Mission Wealth Management LP bought a new stake in Curtiss-Wright during the 1st quarter worth approximately $206,000. Finally, Janney Montgomery Scott LLC increased its holdings in Curtiss-Wright by 37.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company’s stock worth $1,159,000 after purchasing an additional 999 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $544.71 on Friday. The stock has a fifty day simple moving average of $510.79 and a two-hundred day simple moving average of $452.61. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $575.07. The firm has a market cap of $20.52 billion, a price-to-earnings ratio of 45.97, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. During the same period in the prior year, the company earned $2.67 earnings per share. Curtiss-Wright’s revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued 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 dividend payout ratio is 8.10%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CW shares. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Citigroup upped their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Morgan Stanley upped their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Truist Financial upped their price objective on Curtiss-Wright from $463.00 to $525.00 and gave the company a “hold” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $519.57.

About Curtiss-Wright

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.