Steward Partners Investment Advisory LLC Purchases 4,273 Shares of Curtiss-Wright Corporation $CW

Steward Partners Investment Advisory LLC increased its stake in Curtiss-Wright Corporation by 388.5% in Q2, owning 5,373 shares valued at $2.625 million. Other institutional investors also adjusted their holdings. Analysts have given Curtiss-Wright a "Moderate Buy" rating with a consensus target price of $562.83. The company reported Q3 earnings of $3.40 per share, exceeding estimates, with revenue up 8.8% year-over-year. Curtiss-Wright announced a quarterly dividend of $0.24 per share, payable on December 12th.

Steward Partners Investment Advisory LLC increased its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 388.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,373 shares of the aerospace company's stock after acquiring an additional 4,273 shares during the period. Steward Partners Investment Advisory LLC's holdings in Curtiss-Wright were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other institutional investors have also added to or reduced their stakes in CW. TD Asset Management Inc boosted its holdings in shares of Curtiss-Wright by 14.4% in the 2nd quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company's stock valued at $385,651,000 after purchasing an additional 99,643 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth $270,731,000. Allspring Global Investments Holdings LLC boosted its stake in Curtiss-Wright by 1.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company's stock valued at $166,713,000 after buying an additional 6,261 shares in the last quarter. American Century Companies Inc. grew its position in Curtiss-Wright by 21.0% in the second quarter. American Century Companies Inc. now owns 340,007 shares of the aerospace company's stock valued at $166,110,000 after acquiring an additional 59,003 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Curtiss-Wright by 25.6% during the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company's stock worth $81,761,000 after acquiring an additional 54,289 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

CW has been the topic of a number of research analyst reports. Truist Financial raised their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a "hold" rating in a research note on Friday, November 7th. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley boosted their target price on shares of Curtiss-Wright from $565.00 to $645.00 and gave the stock an "overweight" rating in a research note on Monday, November 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $562.83.

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Curtiss-Wright Price Performance

CW stock opened at $563.67 on Friday. The company has a market capitalization of $20.79 billion, a P/E ratio of 47.57, a PEG ratio of 3.41 and a beta of 1.12. The company has a fifty day moving average price of $555.91 and a 200-day moving average price of $502.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $612.28.

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Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to analysts' expectations of $869.03 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. Curtiss-Wright's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.89 earnings per share. As a group, equities analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 dividend payout ratio (DPR) is 7.82%.

About Curtiss-Wright

(Free Report)

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.

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