Summit Investment Advisors Inc. Has $2.57 Million Stock Position in Curtiss-Wright Corporation $CW

Summit Investment Advisors Inc. cut its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,110 shares of the aerospace company’s stock after selling 191 shares during the period. Summit Investment Advisors Inc.’s holdings in Curtiss-Wright were worth $2,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. OneDigital Investment Advisors LLC boosted its stake in Curtiss-Wright by 10.8% in the first quarter. OneDigital Investment Advisors LLC now owns 1,165 shares of the aerospace company’s stock valued at $370,000 after buying an additional 114 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Curtiss-Wright by 6.8% in the first quarter. Greenleaf Trust now owns 736 shares of the aerospace company’s stock worth $234,000 after acquiring an additional 47 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Curtiss-Wright by 2.8% in the first quarter. Cerity Partners LLC now owns 7,298 shares of the aerospace company’s stock worth $2,315,000 after acquiring an additional 202 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Curtiss-Wright by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 9,061 shares of the aerospace company’s stock valued at $2,875,000 after purchasing an additional 100 shares in the last quarter. Finally, Xponance Inc. grew its holdings in shares of Curtiss-Wright by 1.4% during the 1st quarter. Xponance Inc. now owns 4,381 shares of the aerospace company’s stock valued at $1,390,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $579.77 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The firm has a market cap of $21.84 billion, a price-to-earnings ratio of 48.93, a PEG ratio of 3.41 and a beta of 1.12. The company’s fifty day simple moving average is $538.01 and its 200 day simple moving average is $482.51. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, November 5th. The aerospace company reported $3.40 earnings per share 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 return on equity of 18.34% and a net margin of 13.66%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $2.89 EPS. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. On average, analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s payout ratio is 7.82%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares of the company’s stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial increased their price objective on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday. Citigroup upped their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Morgan Stanley raised their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price target 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. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $547.00.

Curtiss-Wright 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.