Axxcess Wealth Management LLC Purchases New Position in Curtiss-Wright Corporation $CW

Axxcess Wealth Management LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 600 shares of the aerospace company’s stock, valued at approximately $293,000.

A number of other large investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Curtiss-Wright by 0.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company’s stock valued at $2,188,000 after purchasing an additional 37 shares during the period. Alliance Wealth Advisors LLC UT boosted its holdings in shares of Curtiss-Wright by 1.0% in the first quarter. Alliance Wealth Advisors LLC UT now owns 4,505 shares of the aerospace company’s stock valued at $1,429,000 after purchasing an additional 43 shares during the period. Signaturefd LLC lifted its holdings in Curtiss-Wright by 10.3% during the first quarter. Signaturefd LLC now owns 473 shares of the aerospace company’s stock worth $150,000 after buying an additional 44 shares during the period. WCM Investment Management LLC lifted its holdings in Curtiss-Wright by 0.8% during the first quarter. WCM Investment Management LLC now owns 5,561 shares of the aerospace company’s stock worth $1,762,000 after buying an additional 45 shares during the period. Finally, Greenleaf Trust lifted its holdings in Curtiss-Wright by 6.8% during the first quarter. Greenleaf Trust now owns 736 shares of the aerospace company’s stock worth $234,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW opened at $544.71 on Friday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $575.07. The stock has a fifty day moving average price of $510.79 and a 200-day moving average price of $453.49. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The firm has a market cap of $20.52 billion, a PE ratio of 45.97, a P/E/G ratio of 3.09 and a beta of 1.14.

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

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.24 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.10%.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Truist Financial upped their target price on Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Morgan Stanley upped their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, Stifel Nicolaus upped their target price on Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Six equities 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $519.57.

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.