iA Global Asset Management Inc. Boosts Stock Holdings in Curtiss-Wright Corporation $CW

iA Global Asset Management Inc. grew its position in Curtiss-Wright Corporation (NYSE:CW) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,820 shares of the aerospace company’s stock after purchasing an additional 1,650 shares during the period. iA Global Asset Management Inc.’s holdings in Curtiss-Wright were worth $10,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CW. Twin Peaks Wealth Advisors LLC purchased a new stake in Curtiss-Wright in the 2nd quarter valued at about $27,000. Penserra Capital Management LLC bought a new position in shares of Curtiss-Wright in the second quarter valued at approximately $29,000. First Horizon Corp purchased a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 35 shares during the period. Finally, Root Financial Partners LLC purchased a new position in Curtiss-Wright in the third quarter worth $50,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

CW opened at $649.61 on Friday. The firm has a 50-day moving average price of $575.61 and a 200-day moving average price of $538.09. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $669.98. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $23.95 billion, a price-to-earnings ratio of 52.94, a PEG ratio of 2.99 and a beta of 0.95.

Curtiss-Wright (NYSE:CW) last announced 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 analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. Curtiss-Wright’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.89 EPS. Equities analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.24 per share. The ex-dividend date was Friday, November 28th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 7.82%.

Insider Activity

In other news, EVP John C. Watts sold 288 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the transaction, the executive vice president directly owned 3,188 shares in the company, valued at approximately $1,912,800. This trade represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 513 shares of company stock valued at $302,586 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

CW has been the topic of a number of recent analyst reports. Citigroup lifted their target price on Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Stifel Nicolaus set a $625.00 target price on shares of Curtiss-Wright in a research report on Friday. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a report on Friday, January 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $612.33.

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.