Elevation Point Wealth Partners LLC Has $981,000 Stock Holdings in Curtiss-Wright Corporation $CW

Elevation Point Wealth Partners LLC trimmed its holdings in Curtiss-Wright Corporation (NYSE:CW) by 16.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,009 shares of the aerospace company’s stock after selling 392 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Curtiss-Wright were worth $981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in Curtiss-Wright in the second quarter worth $270,731,000. Nuveen LLC acquired a new stake in shares of Curtiss-Wright in the first quarter worth about $70,357,000. TD Asset Management Inc lifted 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 worth $385,651,000 after buying an additional 99,643 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Curtiss-Wright by 135.0% during the 1st quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock worth $48,910,000 after acquiring an additional 88,557 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of Curtiss-Wright by 2,460.9% during the 1st quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock valued at $29,030,000 after acquiring an additional 87,927 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 1.5%

Shares of CW stock opened at $563.74 on Friday. The firm has a market capitalization of $20.79 billion, a P/E ratio of 47.57, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28. The firm’s fifty day simple moving average is $554.90 and its 200 day simple moving average is $501.28. 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 (NYSE:CW) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. During the same period in the prior year, the firm earned $2.89 EPS. The business’s revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on CW. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Finally, Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $562.83.

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.