Interchange Capital Partners LLC Takes $261,000 Position in Curtiss-Wright Corporation $CW

Interchange Capital Partners LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 534 shares of the aerospace company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. TD Asset Management Inc raised its position in shares of Curtiss-Wright by 14.4% in the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock valued at $385,651,000 after buying an additional 99,643 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Curtiss-Wright by 23.3% in the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock valued at $175,417,000 after buying an additional 104,393 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Curtiss-Wright by 1.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock valued at $166,713,000 after buying an additional 6,261 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Curtiss-Wright by 25.6% in the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock valued at $81,761,000 after buying an additional 54,289 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Curtiss-Wright by 6.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company’s stock valued at $79,912,000 after buying an additional 14,684 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CW shares. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Friday. Stifel Nicolaus upped their target price on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Truist Financial upped their target price on Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus price target of $526.00.

Insider Activity

In other news, VP John C. Watts sold 1,110 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Up 2.2%

Shares of NYSE:CW opened at $571.01 on Monday. The company has a fifty day moving average of $517.05 and a 200-day moving average of $463.65. The company has a market capitalization of $21.52 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 3.24 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $575.07.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.10. The company had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.67 earnings per share. On average, equities analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio is 8.10%.

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.