Bank of Montreal Can Sells 558 Shares of Curtiss-Wright Corporation $CW

Bank of Montreal Can reduced its position in Curtiss-Wright Corporation (NYSE:CW) by 9.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,054 shares of the aerospace company’s stock after selling 558 shares during the period. Bank of Montreal Can’s holdings in Curtiss-Wright were worth $2,469,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. 1 North Wealth Services LLC bought a new stake in Curtiss-Wright in the first quarter valued at approximately $32,000. West Oak Capital LLC bought a new stake in Curtiss-Wright in the 2nd quarter valued at $49,000. Flaharty Asset Management LLC bought a new stake in Curtiss-Wright in the 1st quarter valued at $69,000. Park Edge Advisors LLC acquired a new stake in Curtiss-Wright during the 2nd quarter valued at $201,000. Finally, Cooper Financial Group bought a new position in Curtiss-Wright during the second quarter worth $201,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.4%

Shares of CW opened at $577.36 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $612.28. The firm’s 50 day moving average is $544.12 and its 200-day moving average is $487.68. The stock has a market capitalization of $21.29 billion, a PE ratio of 48.72, a P/E/G ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, November 5th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. During the same period in the previous year, the company posted $2.89 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced 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. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s dividend payout ratio is 7.82%.

Insider Activity 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 transaction, the vice president owned 3,863 shares of the company’s stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CW shares. Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Truist Financial upped their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Morgan Stanley upped their target price on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $562.83.

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.