Munro Partners Raises Position in Curtiss-Wright Corporation $CW

Munro Partners boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,571 shares of the aerospace company’s stock after buying an additional 3,915 shares during the period. Curtiss-Wright makes up about 2.4% of Munro Partners’ holdings, making the stock its 19th largest holding. Munro Partners owned 0.43% of Curtiss-Wright worth $88,809,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. grew its stake in Curtiss-Wright by 108.0% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock worth $1,141,000 after buying an additional 1,213 shares in the last quarter. Creative Planning lifted its holdings in shares of Curtiss-Wright by 30.4% during the 2nd quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after acquiring an additional 1,300 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Curtiss-Wright by 914.7% during the 2nd quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock worth $10,103,000 after acquiring an additional 18,641 shares during the last quarter. Spire Wealth Management grew its position in Curtiss-Wright by 21.5% in the second quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock worth $268,000 after acquiring an additional 97 shares in the last quarter. Finally, Massachusetts Wealth Management bought a new position in Curtiss-Wright in the second quarter valued at $266,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Up 0.1%

Shares of NYSE CW opened at $568.74 on Wednesday. The firm’s fifty day moving average is $559.81 and its 200 day moving average is $517.91. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $612.28. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. The company has a market cap of $20.98 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 2.99 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 EPS. On average, equities research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s payout ratio is 7.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CW shares. Truist Financial lifted their price target on Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Stifel Nicolaus reduced their price target on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $585.50.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.