NorthRock Partners LLC Invests $324,000 in Curtiss-Wright Corporation $CW

NorthRock Partners LLC acquired a new position in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 663 shares of the aerospace company’s stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Atria Wealth Solutions Inc. increased its position in Curtiss-Wright by 35.9% during the second quarter. Atria Wealth Solutions Inc. now owns 1,417 shares of the aerospace company’s stock worth $693,000 after acquiring an additional 374 shares during the period. Sequoia Financial Advisors LLC increased its position in Curtiss-Wright by 11.2% during the second quarter. Sequoia Financial Advisors LLC now owns 9,954 shares of the aerospace company’s stock worth $4,863,000 after acquiring an additional 999 shares during the period. Allspring Global Investments Holdings LLC increased its position in Curtiss-Wright by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock worth $166,713,000 after acquiring an additional 6,261 shares during the period. CWM LLC increased its position in Curtiss-Wright by 172.8% during the second quarter. CWM LLC now owns 5,207 shares of the aerospace company’s stock worth $2,544,000 after acquiring an additional 3,298 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in Curtiss-Wright by 20.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,188 shares of the aerospace company’s stock worth $2,535,000 after acquiring an additional 891 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Trading Down 1.1%

Shares of Curtiss-Wright stock opened at $550.25 on Friday. The firm has a market capitalization of $20.73 billion, a PE ratio of 46.43, a price-to-earnings-growth ratio of 3.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The company’s fifty day moving average price is $509.35 and its two-hundred day moving average price is $451.08. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $575.07.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. During the same quarter in the prior year, the firm earned $2.67 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio is presently 8.10%.

Insider Buying and Selling at Curtiss-Wright

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Truist Financial boosted their target price on shares of Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $519.57.

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.