Inspire Investing LLC Buys 1,320 Shares of Curtiss-Wright Corporation $CW

Inspire Investing LLC increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,440 shares of the aerospace company’s stock after purchasing an additional 1,320 shares during the quarter. Inspire Investing LLC’s holdings in Curtiss-Wright were worth $7,853,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Curtiss-Wright in the second quarter valued at approximately $3,448,649,000. Primecap Management Co. CA acquired a new stake in shares of Curtiss-Wright in the second quarter worth $390,106,000. Bank of New York Mellon Corp acquired a new stake in shares of Curtiss-Wright in the second quarter worth $270,458,000. William Blair Investment Management LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth $240,442,000. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth $124,673,000. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

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

Analysts Set New Price Targets

A number of research firms recently issued reports on CW. Morgan Stanley lowered their target price on shares of Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Piper Sandler cut their target price on shares of Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating for the company in a research report on Friday. Guggenheim started coverage on shares of Curtiss-Wright in a report on Monday, September 14th. They set a “buy” rating and a $786.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a report on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $676.38.

Curtiss-Wright Trading Down 2.2%

Shares of CW stock opened at $464.02 on Friday. Curtiss-Wright Corporation has a 1 year low of $453.42 and a 1 year high of $808.16. The firm’s fifty day simple moving average is $557.88 and its 200 day simple moving average is $673.00. The firm has a market capitalization of $17.14 billion, a P/E ratio of 31.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. During the same period in the prior year, the company earned $3.23 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 15.33 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a dividend of $0.26 per share. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 25th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.16%.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.