Qtron Investments LLC Acquires New Position in Curtiss-Wright Corporation $CW

Qtron Investments LLC acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,917 shares of the aerospace company’s stock, valued at approximately $937,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CW. Creative Planning increased its stake in shares of Curtiss-Wright by 30.4% in the 2nd quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock valued at $2,722,000 after purchasing an additional 1,300 shares during the last quarter. Spire Wealth Management lifted its position in shares of Curtiss-Wright by 21.5% during the 2nd quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock worth $268,000 after buying an additional 97 shares during the last quarter. Massachusetts Wealth Management acquired a new stake in Curtiss-Wright in the second quarter valued at about $266,000. PNC Financial Services Group Inc. boosted its stake in Curtiss-Wright by 47.1% in the first quarter. PNC Financial Services Group Inc. now owns 8,641 shares of the aerospace company’s stock valued at $2,742,000 after buying an additional 2,766 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its position in Curtiss-Wright by 46.3% in the second quarter. Panagora Asset Management Inc. now owns 127,003 shares of the aerospace company’s stock valued at $62,047,000 after acquiring an additional 40,169 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CW. Morgan Stanley increased their target price on shares of Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Truist Financial raised their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Curtiss-Wright in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $562.83.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $543.88 on Friday. The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 44.33, a P/E/G ratio of 2.89 and a beta of 0.93. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $612.28. The company’s fifty day moving average is $558.46 and its 200 day moving average is $507.32. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38.

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

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Curtiss-Wright’s payout ratio is currently 7.82%.

Curtiss-Wright Company Profile

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.