TD Asset Management Inc. Acquires 1,000 Shares of Curtiss-Wright Corp. (CW)
TD Asset Management Inc. lifted its stake in shares of Curtiss-Wright Corp. (NYSE:CW) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,200 shares of the aerospace company’s stock after acquiring an additional 1,000 shares during the period. TD Asset Management Inc.’s holdings in Curtiss-Wright were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Curtiss-Wright by 114.9% in the 1st quarter. Wells Fargo & Company MN now owns 761,507 shares of the aerospace company’s stock valued at $102,856,000 after acquiring an additional 407,079 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Curtiss-Wright by 37.9% in the 1st quarter. Whittier Trust Co. now owns 22,402 shares of the aerospace company’s stock valued at $3,026,000 after acquiring an additional 6,156 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Curtiss-Wright by 61.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,269 shares of the aerospace company’s stock valued at $171,000 after acquiring an additional 483 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Curtiss-Wright in the 1st quarter valued at about $214,000. Finally, SG Americas Securities LLC grew its holdings in shares of Curtiss-Wright by 24.1% in the 1st quarter. SG Americas Securities LLC now owns 12,683 shares of the aerospace company’s stock valued at $1,713,000 after acquiring an additional 2,462 shares in the last quarter. Institutional investors and hedge funds own 75.03% of the company’s stock.
Curtiss-Wright stock opened at $132.43 on Tuesday. Curtiss-Wright Corp. has a 52 week low of $93.23 and a 52 week high of $143.38. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.16 and a quick ratio of 1.42. The stock has a market cap of $5.81 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.21.
Curtiss-Wright declared that its board has approved a share repurchase program on Monday, May 21st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the aerospace company to reacquire up to 0.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
Several equities analysts have recently weighed in on CW shares. Zacks Investment Research cut Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Stifel Nicolaus decreased their price objective on Curtiss-Wright from $141.00 to $136.00 and set a “hold” rating for the company in a report on Friday, May 4th. ValuEngine upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. William Blair upgraded Curtiss-Wright from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $145.00 to $129.00 in a report on Monday, July 2nd. They noted that the move was a valuation call. Finally, UBS Group started coverage on Curtiss-Wright in a report on Wednesday, August 15th. They set a “neutral” rating and a $140.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Curtiss-Wright has an average rating of “Buy” and a consensus target price of $135.90.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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