Donoghue Forlines LLC Invests $2.80 Million in Curtiss-Wright Corporation $CW

Donoghue Forlines LLC acquired a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 5,730 shares of the aerospace company’s stock, valued at approximately $2,799,000.

Several other hedge funds have also recently bought and sold shares of the stock. TD Asset Management Inc boosted its holdings 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 valued at $385,651,000 after buying an additional 99,643 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Curtiss-Wright by 1.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock worth $166,713,000 after purchasing an additional 6,261 shares during the period. AQR Capital Management LLC increased its holdings in 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 purchasing an additional 54,289 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 valued at $79,912,000 after purchasing an additional 14,684 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Curtiss-Wright in the first quarter valued at about $70,357,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

NYSE CW opened at $545.80 on Friday. The firm has a market capitalization of $20.13 billion, a P/E ratio of 46.06, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12. 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’s fifty day moving average price is $545.42 and its two-hundred day moving average price is $488.09. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. Curtiss-Wright’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.89 EPS. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright 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 completion of the transaction, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Truist Financial raised their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, Stifel Nicolaus boosted their price target 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. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $562.83.

Curtiss-Wright Company 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.