State Board of Administration of Florida Retirement System Acquires 424 Shares of Curtiss-Wright Corporation $CW

State Board of Administration of Florida Retirement System grew its stake in Curtiss-Wright Corporation (NYSE:CW) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,764 shares of the aerospace company’s stock after purchasing an additional 424 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.10% of Curtiss-Wright worth $18,450,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Avantax Advisory Services Inc. boosted its holdings in 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 buying an additional 208 shares during the last quarter. HB Wealth Management LLC bought a new position in Curtiss-Wright during the 1st quarter worth approximately $303,000. LPL Financial LLC grew its holdings in Curtiss-Wright by 36.9% during the first 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 during the period. Mackenzie Financial Corp bought a new stake in Curtiss-Wright in the first quarter valued at approximately $537,000. Finally, Jefferies Financial Group Inc. increased its stake in Curtiss-Wright by 20.2% in the first 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. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of recent analyst reports. 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. Truist Financial boosted their target price on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Stifel Nicolaus increased their price target on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Morgan Stanley raised their price target on Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $562.83.

Curtiss-Wright Stock Up 0.1%

CW stock opened at $563.67 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The stock has a market capitalization of $20.79 billion, a P/E ratio of 47.57, a P/E/G 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. The business has a 50-day moving average of $555.91 and a 200-day moving average of $503.98.

Curtiss-Wright (NYSE:CW) last released its 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. The firm had revenue of $869.00 million for 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 business posted $2.89 EPS. On average, sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

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.