International Assets Investment Management LLC Decreases Holdings in Curtiss-Wright Corporation $CW

International Assets Investment Management LLC lowered its position in Curtiss-Wright Corporation (NYSE:CW) by 57.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 484 shares of the aerospace company’s stock after selling 655 shares during the quarter. International Assets Investment Management LLC’s holdings in Curtiss-Wright were worth $236,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CW. Nuveen LLC purchased a new stake in Curtiss-Wright in the 1st quarter worth about $70,357,000. Bank of New York Mellon Corp increased its holdings in Curtiss-Wright by 23.3% in the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock worth $175,417,000 after acquiring an additional 104,393 shares during the last quarter. TD Asset Management Inc increased its holdings in 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 during the last quarter. Millennium Management LLC increased its holdings in Curtiss-Wright by 135.0% in the 1st quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock worth $48,910,000 after acquiring an additional 88,557 shares during the last quarter. Finally, Bank of Nova Scotia increased its holdings in Curtiss-Wright by 2,460.9% in the 1st quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after acquiring an additional 87,927 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business’s 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 completion of the transaction, the vice president owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. The trade was a 22.32% 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. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Up 4.2%

Shares of NYSE CW opened at $559.09 on Friday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $575.07. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $21.07 billion, a price-to-earnings ratio of 47.18, a PEG ratio of 3.04 and a beta of 1.14. The business has a 50-day moving average of $515.38 and a 200-day moving average of $459.57.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping 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 company had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. During the same quarter in the previous year, the firm earned $2.67 earnings per share. Curtiss-Wright’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Analysts Set New Price Targets

CW has been the subject of several recent research reports. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Citigroup lifted their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Stifel Nicolaus raised their target price on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday. Morgan Stanley raised their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Truist Financial raised their target price on Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $526.00.

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.