Intech Investment Management LLC Has $7.02 Million Position in Curtiss-Wright Corporation $CW

Intech Investment Management LLC grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,359 shares of the aerospace company’s stock after buying an additional 1,000 shares during the quarter. Intech Investment Management LLC’s holdings in Curtiss-Wright were worth $7,015,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CW. TD Asset Management Inc raised 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 acquiring an additional 99,643 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $270,731,000. Allspring Global Investments Holdings LLC increased 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 worth $166,713,000 after purchasing an additional 6,261 shares during the last quarter. AQR Capital Management LLC raised 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 purchasing an additional 54,289 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted 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 valued at $79,912,000 after buying an additional 14,684 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright 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 sale, the vice president owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Truist Financial upped their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a report on Friday, November 7th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Finally, Morgan Stanley boosted their price target on Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $562.83.

Curtiss-Wright Stock Up 0.8%

Shares of CW opened at $550.67 on Monday. The firm has a market cap of $20.31 billion, a P/E ratio of 46.47, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12. 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 firm’s 50-day simple moving average is $546.80 and its 200 day simple moving average is $491.63.

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

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors 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 annualized dividend and a yield of 0.2%. Curtiss-Wright’s payout ratio is 7.82%.

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.