First Eagle Investment Management LLC Raises Holdings in Curtiss-Wright Corporation $CW

First Eagle Investment Management LLC lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,200 shares of the aerospace company’s stock after purchasing an additional 100 shares during the quarter. First Eagle Investment Management LLC’s holdings in Curtiss-Wright were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CW. Nuveen LLC purchased a new stake in Curtiss-Wright in the first quarter valued at approximately $70,357,000. TD Asset Management Inc raised its stake in shares of Curtiss-Wright by 14.4% in the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock valued at $385,651,000 after acquiring an additional 99,643 shares in the last quarter. Millennium Management LLC raised its position in Curtiss-Wright by 135.0% in the 1st quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock valued at $48,910,000 after purchasing an additional 88,557 shares in the last quarter. Bank of Nova Scotia lifted its stake in Curtiss-Wright by 2,460.9% in the first quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after acquiring an additional 87,927 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Curtiss-Wright by 25.6% during the 1st quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock worth $81,761,000 after buying an additional 54,289 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the firm’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 trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CW. Truist Financial boosted their target price on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a report on Friday. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Citigroup upped their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $547.00.

Curtiss-Wright Stock Performance

NYSE CW opened at $579.77 on Monday. The business’s 50-day moving average price is $538.01 and its 200 day moving average price is $483.60. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $612.28. The company has a market capitalization of $21.84 billion, a PE ratio of 48.93, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, November 5th. The aerospace company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.28 by $0.12. The firm had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. Curtiss-Wright’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.89 earnings per share. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. On average, research analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

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 dividend of $0.24 per share. The ex-dividend date was Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s payout ratio is presently 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.