Curtiss-Wright Corporation $CW Stock Position Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,218 shares of the aerospace company’s stock after purchasing an additional 7,022 shares during the quarter. JPMorgan Chase & Co. owned about 0.50% of Curtiss-Wright worth $100,567,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CW. State Street Corp boosted its holdings in shares of Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after acquiring an additional 16,962 shares in the last quarter. TD Asset Management Inc raised its holdings in Curtiss-Wright by 0.3% during the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after purchasing an additional 2,153 shares in the last quarter. Van ECK Associates Corp lifted its position in Curtiss-Wright by 5.3% in the third quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock worth $401,794,000 after purchasing an additional 37,069 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Curtiss-Wright by 31.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock valued at $395,665,000 after purchasing an additional 174,592 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Curtiss-Wright during the 2nd quarter valued at $241,537,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CW shares. Stifel Nicolaus upped their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Citigroup lifted their price objective on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Finally, Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a report on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $663.17.

Curtiss-Wright Trading Down 0.7%

Curtiss-Wright stock opened at $678.85 on Wednesday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market cap of $25.03 billion, a P/E ratio of 52.75, a P/E/G ratio of 3.33 and a beta of 0.91. The company’s fifty day simple moving average is $667.50 and its 200-day simple moving average is $588.88.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. The firm had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.27 earnings per share. As a group, sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is 7.46%.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,665 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the transaction, the chief financial officer owned 7,358 shares of the company’s stock, valued at approximately $4,608,536.14. This represents a 26.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Gary A. Ogilby sold 625 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the completion of the sale, the vice president owned 2,571 shares of the company’s stock, valued at approximately $1,605,126.72. This trade represents a 19.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,269 shares of company stock worth $10,797,098 in the last 90 days. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Company Profile

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.