Curtiss-Wright Corporation $CW Stock Holdings Boosted by Portside Wealth Group LLC

Portside Wealth Group LLC grew its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,552 shares of the aerospace company’s stock after purchasing an additional 270 shares during the quarter. Portside Wealth Group LLC’s holdings in Curtiss-Wright were worth $1,247,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH bought a new stake in Curtiss-Wright in the first quarter worth about $1,926,000. Spire Wealth Management boosted its position in shares of Curtiss-Wright by 21.5% during the 2nd quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock valued at $268,000 after purchasing an additional 97 shares in the last quarter. Massachusetts Wealth Management acquired a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $266,000. PNC Financial Services Group Inc. raised its holdings in shares of Curtiss-Wright by 47.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,641 shares of the aerospace company’s stock worth $2,742,000 after purchasing an additional 2,766 shares in the last quarter. Finally, Ifrah Financial Services Inc. acquired a new stake in Curtiss-Wright during the second quarter valued at approximately $230,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Morgan Stanley upped their target price on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Stifel Nicolaus increased their price target on Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Finally, Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $562.83.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $537.45 on Wednesday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $612.28. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The stock has a market cap of $19.82 billion, a PE ratio of 45.35, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12. The business has a fifty day simple moving average of $549.11 and a 200-day simple moving average of $494.26.

Curtiss-Wright (NYSE:CW) last announced 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 return on equity of 18.34% and a net margin of 13.66%.The firm had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. During the same period in the prior year, the business earned $2.89 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.82%.

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.