Russell Investments Group Ltd. Has $11.47 Million Stock Holdings in Curtiss-Wright Corporation $CW

Russell Investments Group Ltd. increased its stake in Curtiss-Wright Corporation by 12.2% in Q2, owning 23,479 shares valued at $11.47 million. Other major investors also adjusted their positions, with institutional investors holding 82.71% of the stock. Curtiss-Wright reported Q3 earnings of $3.40 per share, surpassing estimates, and announced a quarterly dividend. Analysts have given the stock a "Moderate Buy" rating with an average price target of $562.83.

Russell Investments Group Ltd. grew its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 12.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,479 shares of the aerospace company's stock after buying an additional 2,549 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Curtiss-Wright worth $11,471,000 at the end of the most recent quarter.

Lower Rates Put RV Stocks Back in the Fast Lane

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in Curtiss-Wright during the second quarter worth about $270,731,000. Nuveen LLC acquired a new stake in shares of Curtiss-Wright during the first quarter worth about $70,357,000. TD Asset Management Inc raised its position in shares of Curtiss-Wright by 14.4% during the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company's stock worth $385,651,000 after purchasing an additional 99,643 shares during the period. Millennium Management LLC lifted its holdings in shares of Curtiss-Wright by 135.0% during the 1st quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company's stock valued at $48,910,000 after purchasing an additional 88,557 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Curtiss-Wright by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 340,007 shares of the aerospace company's stock valued at $166,110,000 after purchasing an additional 59,003 shares during the period. Institutional investors own 82.71% of the company's stock.

Get Curtiss-Wright alerts:

Curtiss-Wright Stock Performance

Shares of CW opened at $545.51 on Tuesday. The stock has a market capitalization of $20.12 billion, a price-to-earnings ratio of 46.03, a PEG ratio of 3.41 and a beta of 1.12. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $612.28. The firm has a fifty day simple moving average of $556.46 and a 200 day simple moving average of $504.96. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35.

Clearway Energy’s Price Dip: 3 Reasons It’s a Signal to Buy

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (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 firm had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. During the same period in the previous year, the business earned $2.89 EPS. The company's revenue was up 8.8% compared to the same quarter last year. Research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Analyst Upgrades and Downgrades

3 Utilities Stocks With Big Earnings, Balanced Risk

Several analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a "hold" rating in a report on Monday, October 20th. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $565.00 to $645.00 and gave the stock an "overweight" rating in a research report on Monday, November 10th. Weiss Ratings restated a "buy (b)" rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Truist Financial upped their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a "hold" rating in a research note on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $562.83.

Get Our Latest Analysis on Curtiss-Wright

Curtiss-Wright Company Profile

(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.

Should You Invest $1,000 in Curtiss-Wright Right Now?

Before you consider Curtiss-Wright, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Curtiss-Wright wasn't on the list.

While Curtiss-Wright currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here