TIAA Trust National Association Purchases Shares of 548 Curtiss-Wright Corporation $CW

TIAA Trust National Association acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 548 shares of the aerospace company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Asset Management Inc boosted its holdings in Curtiss-Wright by 14.4% during the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock worth $385,651,000 after buying an additional 99,643 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Curtiss-Wright by 1.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock valued at $166,713,000 after acquiring an additional 6,261 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Curtiss-Wright by 25.6% during the 1st quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock worth $81,761,000 after acquiring an additional 54,289 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Curtiss-Wright by 6.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company’s stock worth $79,912,000 after acquiring an additional 14,684 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter worth $70,357,000. 82.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Citigroup upped their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $545.00.

Insider Buying and Selling

In other news, VP John C. Watts sold 1,110 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $583.99 on Thursday. The firm has a market cap of $22.00 billion, a price-to-earnings ratio of 49.28, a P/E/G ratio of 3.41 and a beta of 1.12. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28. 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 business has a fifty day simple moving average of $534.18 and a 200 day simple moving average of $478.91.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, November 5th. The aerospace company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm had revenue of $869.17 million for the quarter, compared to the consensus estimate of $869.03 million. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.24 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s payout ratio is 8.10%.

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.