Curtiss-Wright Corporation $CW Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,235 shares of the aerospace company’s stock after acquiring an additional 825 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Curtiss-Wright were worth $17,770,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth $31,000. Larson Financial Group LLC raised its stake in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after buying an additional 21 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth $43,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth $43,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 3,225 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the sale, the chief executive officer directly owned 50,634 shares of the company’s stock, valued at $34,264,027.80. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO K Christopher Farkas sold 918 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total value of $621,908.28. Following the sale, the chief financial officer directly owned 5,518 shares in the company, valued at $3,738,224.28. This trade represents a 14.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,181 shares of company stock valued at $4,204,919 over the last ninety days. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Down 1.2%

Shares of Curtiss-Wright stock opened at $734.28 on Friday. The stock’s fifty day moving average is $719.93 and its 200-day moving average is $657.51. The firm has a market capitalization of $27.12 billion, a PE ratio of 53.79, a price-to-earnings-growth ratio of 3.45 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12-month low of $443.00 and a 12-month high of $760.72.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. The company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.Curtiss-Wright’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.82 earnings per share. Equities analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is 7.03%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Citigroup boosted their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $746.67.

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.