Brookwood Investment Group LLC Purchases 79 Shares of Curtiss-Wright Corporation $CW

Brookwood Investment Group LLC increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,785 shares of the aerospace company’s stock after purchasing an additional 79 shares during the quarter. Brookwood Investment Group LLC’s holdings in Curtiss-Wright were worth $872,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CW. Nuveen LLC purchased a new position in shares of Curtiss-Wright in the first quarter valued at $70,357,000. Bank of New York Mellon Corp grew its position in shares of Curtiss-Wright by 23.3% in the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock valued at $175,417,000 after purchasing an additional 104,393 shares in the last quarter. TD Asset Management Inc grew 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 valued at $385,651,000 after purchasing an additional 99,643 shares in the last quarter. Millennium Management LLC grew its position in shares of Curtiss-Wright by 135.0% in the first quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock valued at $48,910,000 after purchasing an additional 88,557 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in Curtiss-Wright by 2,460.9% during the first quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after buying an additional 87,927 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CW shares. Citigroup boosted their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Morgan Stanley boosted their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Truist Financial boosted their target price on Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Stifel Nicolaus boosted their target price on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $526.00.

Curtiss-Wright Stock Up 0.6%

CW stock opened at $573.99 on Tuesday. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $581.99. The business’s 50 day moving average price is $518.67 and its two-hundred day moving average price is $465.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 48.44, a price-to-earnings-growth ratio of 3.24 and a beta of 1.14.

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

Curtiss-Wright Announces Dividend

The company also recently declared 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 presently 8.10%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by insiders.

About Curtiss-Wright

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.