Curtiss-Wright Corporation $CW Shares Purchased by True Wealth Design LLC

True Wealth Design LLC grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 1,540.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164 shares of the aerospace company’s stock after purchasing an additional 154 shares during the period. True Wealth Design LLC’s holdings in Curtiss-Wright were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CW. Allianz Asset Management GmbH acquired a new stake in shares of Curtiss-Wright during the first quarter worth $1,926,000. Spire Wealth Management raised its holdings in Curtiss-Wright by 21.5% during the 2nd quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock worth $268,000 after buying an additional 97 shares during the period. Massachusetts Wealth Management purchased a new stake in Curtiss-Wright during the second quarter valued at about $266,000. PNC Financial Services Group Inc. boosted its holdings in shares of Curtiss-Wright by 47.1% in the first quarter. PNC Financial Services Group Inc. now owns 8,641 shares of the aerospace company’s stock worth $2,742,000 after buying an additional 2,766 shares during the period. Finally, Marks Group Wealth Management Inc increased its position in shares of Curtiss-Wright by 3.2% in the first quarter. Marks Group Wealth Management Inc now owns 27,824 shares of the aerospace company’s stock worth $8,828,000 after acquiring an additional 870 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CW shares. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. Morgan Stanley lifted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Citigroup raised their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $547.00.

Insider Activity at Curtiss-Wright

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

Curtiss-Wright Trading Up 0.7%

Shares of NYSE:CW opened at $579.77 on Friday. 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 stock has a market capitalization of $21.84 billion, a PE ratio of 48.93, a P/E/G 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 has a fifty day moving average price of $538.01 and a 200 day moving average price of $481.40.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, November 5th. The aerospace company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The company had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.89 earnings per share. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. Analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

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.