Foundations Investment Advisors LLC Sells 229 Shares of Curtiss-Wright Corporation $CW

Foundations Investment Advisors LLC trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 23.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 748 shares of the aerospace company’s stock after selling 229 shares during the period. Foundations Investment Advisors LLC’s holdings in Curtiss-Wright were worth $365,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CW. CWM LLC boosted its holdings in Curtiss-Wright by 30.7% during the 1st quarter. CWM LLC now owns 1,909 shares of the aerospace company’s stock valued at $606,000 after acquiring an additional 448 shares during the period. Private Advisor Group LLC lifted its position in Curtiss-Wright by 38.6% in the first quarter. Private Advisor Group LLC now owns 4,721 shares of the aerospace company’s stock valued at $1,498,000 after purchasing an additional 1,316 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Curtiss-Wright by 75.5% during the first quarter. Kestra Private Wealth Services LLC now owns 1,451 shares of the aerospace company’s stock valued at $460,000 after purchasing an additional 624 shares during the period. IFP Advisors Inc grew its holdings in shares of Curtiss-Wright by 17.4% in the first quarter. IFP Advisors Inc now owns 879 shares of the aerospace company’s stock worth $279,000 after purchasing an additional 130 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of Curtiss-Wright in the first quarter worth $1,926,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CW. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Truist Financial raised their target price on Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley lifted their price objective on Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $562.83.

Curtiss-Wright Trading Up 2.1%

NYSE CW opened at $548.28 on Thursday. The firm has a market capitalization of $20.22 billion, a PE ratio of 46.27, a P/E/G ratio of 3.41 and a beta of 1.12. The stock’s 50 day moving average is $550.19 and its 200 day moving average is $494.64. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $612.28. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.28 by $0.12. The business had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 earnings per share. Research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s payout ratio is presently 7.82%.

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.