Curtiss-Wright Corporation $CW Shares Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 46.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,003 shares of the aerospace company’s stock after purchasing an additional 40,169 shares during the period. Panagora Asset Management Inc. owned approximately 0.34% of Curtiss-Wright worth $62,047,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its position in shares of Curtiss-Wright by 11.1% during the first quarter. Avantax Advisory Services Inc. now owns 2,090 shares of the aerospace company’s stock worth $663,000 after acquiring an additional 208 shares during the last quarter. HB Wealth Management LLC acquired a new stake in Curtiss-Wright during the 1st quarter valued at approximately $303,000. LPL Financial LLC grew its stake in Curtiss-Wright by 36.9% during the 1st quarter. LPL Financial LLC now owns 34,311 shares of the aerospace company’s stock valued at $10,886,000 after purchasing an additional 9,242 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Curtiss-Wright during the 1st quarter worth approximately $537,000. Finally, Jefferies Financial Group Inc. raised its position in shares of Curtiss-Wright by 20.2% in the 1st quarter. Jefferies Financial Group Inc. now owns 1,103 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.1%

CW stock opened at $563.67 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $555.91 and its 200 day simple moving average is $503.98. The stock has a market cap of $20.79 billion, a PE ratio of 47.57, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $612.28.

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

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, November 28th. Curtiss-Wright’s payout ratio is 7.82%.

Analyst Ratings Changes

A number of research firms have recently 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. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Truist Financial boosted their price objective on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a report on Friday, November 7th. Finally, Morgan Stanley lifted their target price 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $562.83.

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.