Fisher Asset Management LLC Increases Stock Holdings in Curtiss-Wright Corporation $CW

Fisher Asset Management LLC lifted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 7.2% in the third quarter, HoldingsChannel reports. The firm owned 120,535 shares of the aerospace company’s stock after buying an additional 8,095 shares during the quarter. Fisher Asset Management LLC’s holdings in Curtiss-Wright were worth $65,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CW. Atlantic Union Bankshares Corp acquired a new position in shares of Curtiss-Wright during the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Curtiss-Wright during the 2nd quarter worth $27,000. Penserra Capital Management LLC purchased a new stake in shares of Curtiss-Wright in the 2nd quarter valued at about $29,000. First Horizon Corp acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC boosted its stake in Curtiss-Wright by 8,800.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 89 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 88 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Kevin Rayment sold 2,634 shares of Curtiss-Wright stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,649,753.22. Following the transaction, the chief operating officer owned 29,896 shares in the company, valued at approximately $18,724,761.68. The trade was a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 9,327 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the sale, the chief executive officer directly owned 46,192 shares of the company’s stock, valued at approximately $28,936,978.40. This trade represents a 16.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 17,269 shares of company stock worth $10,797,098. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $724.84 on Tuesday. The company has a market cap of $26.72 billion, a price-to-earnings ratio of 56.32, a price-to-earnings-growth ratio of 3.41 and a beta of 0.91. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The stock’s 50-day moving average is $640.89 and its 200-day moving average is $573.05.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. During the same quarter in the prior year, the company earned $3.27 EPS. The company’s revenue was up 14.9% on a year-over-year basis. Equities analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.46%.

Analysts Set New Price Targets

Several brokerages have weighed in on CW. Citigroup lifted their target price on Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Morgan Stanley restated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Curtiss-Wright Profile

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.