Fidelis Capital Partners LLC Purchases Shares of 467 Curtiss-Wright Corporation $CW

Fidelis Capital Partners LLC acquired a new position in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 467 shares of the aerospace company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CW. Nuveen LLC acquired a new position in Curtiss-Wright during the 1st quarter worth $70,357,000. TD Asset Management Inc increased its stake in shares of Curtiss-Wright by 14.4% in the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock worth $385,651,000 after purchasing an additional 99,643 shares during the period. Millennium Management LLC lifted its position in shares of Curtiss-Wright by 135.0% during the 1st quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock worth $48,910,000 after purchasing an additional 88,557 shares during the last quarter. Bank of Nova Scotia boosted its stake in Curtiss-Wright by 2,460.9% during the 1st quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock valued at $29,030,000 after purchasing an additional 87,927 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Curtiss-Wright by 25.6% in the 1st quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock valued at $81,761,000 after buying an additional 54,289 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Down 2.2%

Shares of NYSE CW opened at $575.39 on Wednesday. The business has a fifty day moving average of $542.11 and a two-hundred day moving average of $487.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $612.28. The stock has a market cap of $21.22 billion, a PE ratio of 48.56, a PEG ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, November 5th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $2.89 EPS. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. As a group, equities research 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 announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s payout ratio is presently 7.82%.

Analyst Ratings Changes

A number of brokerages have recently commented on CW. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Truist Financial boosted their price objective on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Finally, Morgan Stanley boosted their price target on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $562.83.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by insiders.

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.