7,835 Shares of Curtiss-Wright Corporation $CW Bought by Reliant Investment Management LLC

Reliant Investment Management LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,835 shares of the aerospace company’s stock, valued at approximately $4,261,000. Curtiss-Wright accounts for about 1.5% of Reliant Investment Management LLC’s portfolio, making the stock its 27th largest position.

Several other large investors also recently modified their holdings of CW. BlackRock Inc. acquired a new stake in shares of Curtiss-Wright during the second quarter worth about $3,448,649,000. Primecap Management Co. CA bought a new position in shares of Curtiss-Wright during the 2nd quarter valued at about $390,106,000. Bank of New York Mellon Corp acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $270,458,000. William Blair Investment Management LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $240,442,000. Finally, First Trust Advisors LP grew its position in shares of Curtiss-Wright by 19.9% in the 1st quarter. First Trust Advisors LP now owns 206,021 shares of the aerospace company’s stock valued at $140,325,000 after purchasing an additional 34,191 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on CW shares. Citigroup dropped their target price on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Guggenheim assumed coverage on shares of Curtiss-Wright in a research note on Monday, September 14th. They issued a “buy” rating and a $786.00 price target on the stock. Piper Sandler began coverage on shares of Curtiss-Wright in a report on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 price target for the company. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $746.88.

Insider Buying and Selling

In other news, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director directly owned 1,414 shares in the company, valued at $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John C. Watts sold 1,035 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares in the company, valued at $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $500.89 on Thursday. The firm has a market cap of $18.50 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.88. The stock’s 50-day moving average is $587.53 and its 200-day moving average is $682.23. Curtiss-Wright Corporation has a one year low of $494.11 and a one year high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.10. The company had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. Curtiss-Wright’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.23 earnings per share. Equities analysts predict that Curtiss-Wright Corporation will post 15.27 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, September 25th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.16%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.