Curtiss-Wright Co. (NYSE:CW) Stock Position Lifted by Congress Asset Management Co.

Congress Asset Management Co. increased its stake in Curtiss-Wright Co. (NYSE:CW) by 136.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 459,074 shares of the aerospace company’s stock after purchasing an additional 265,205 shares during the quarter. Curtiss-Wright comprises about 1.0% of Congress Asset Management Co.’s portfolio, making the stock its 22nd biggest holding. Congress Asset Management Co. owned 1.20% of Curtiss-Wright worth $150,893,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Curtiss-Wright in the first quarter valued at $457,000. Allspring Global Investments Holdings LLC lifted its stake in Curtiss-Wright by 38.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock valued at $19,524,000 after purchasing an additional 21,074 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Curtiss-Wright by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 9,361 shares of the aerospace company’s stock worth $2,396,000 after acquiring an additional 200 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Curtiss-Wright during the first quarter valued at approximately $256,000. Finally, Norden Group LLC grew its stake in Curtiss-Wright by 1,032.2% during the 1st quarter. Norden Group LLC now owns 22,712 shares of the aerospace company’s stock valued at $5,814,000 after acquiring an additional 20,706 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW traded down $0.32 on Thursday, reaching $353.42. 69,212 shares of the stock traded hands, compared to its average volume of 220,207. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 36.40 and a beta of 1.18. Curtiss-Wright Co. has a 12 month low of $196.10 and a 12 month high of $369.98. The stock’s 50-day moving average price is $328.33 and its 200-day moving average price is $293.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The firm had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the prior year, the business posted $2.15 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts forecast that Curtiss-Wright Co. will post 10.56 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.65%.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research analyst reports. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday. They set an “overweight” rating and a $412.00 price objective on the stock. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Truist Financial upped their target price on Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. Finally, Robert W. Baird upped their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $343.80.

Curtiss-Wright Profile

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.