Curtiss-Wright Corporation $CW Holdings Lifted by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 222.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,010 shares of the aerospace company’s stock after acquiring an additional 3,457 shares during the period. Pacer Advisors Inc.’s holdings in Curtiss-Wright were worth $2,720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $27,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright in the 2nd quarter valued at approximately $29,000. 1 North Wealth Services LLC purchased a new stake in Curtiss-Wright in the 1st quarter worth approximately $32,000. West Oak Capital LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter valued at $49,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Curtiss-Wright by 53.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity

In other news, VP John C. Watts sold 118 shares of Curtiss-Wright stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $575.00, for a total value of $67,850.00. Following the transaction, the vice president directly owned 3,570 shares in the company, valued at approximately $2,052,750. The trade was a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Down 0.7%

CW opened at $558.25 on Wednesday. The firm has a market cap of $20.59 billion, a P/E ratio of 45.50, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The business has a 50 day moving average price of $560.93 and a 200 day moving average price of $521.33. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $612.28.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.89 earnings per share. Research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is 7.82%.

Wall Street Analyst Weigh In

CW has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Truist Financial raised their price target on Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Thursday, December 11th. They set a “neutral” rating and a $607.00 price objective on the stock. Finally, Stifel Nicolaus decreased their target price on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $585.50.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.