Ritholtz Wealth Management acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW – Get Rating) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,912 shares of the aerospace company's stock, valued at approximately $252,000.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. grew its position in Curtiss-Wright by 18.8% in the first quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company's stock worth $645,770,000 after acquiring an additional 680,850 shares in the last quarter. State Street Corp grew its position in Curtiss-Wright by 10.4% in the first quarter. State Street Corp now owns 1,500,162 shares of the aerospace company's stock worth $225,531,000 after acquiring an additional 141,697 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Curtiss-Wright by 31.7% during the first quarter. Wellington Management Group LLP now owns 756,894 shares of the aerospace company's stock valued at $113,655,000 after buying an additional 182,125 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Curtiss-Wright by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 638,153 shares of the aerospace company's stock valued at $95,828,000 after buying an additional 16,948 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of Curtiss-Wright by 5.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 441,120 shares of the aerospace company's stock valued at $61,053,000 after buying an additional 21,831 shares during the period. Hedge funds and other institutional investors own 84.77% of the company's stock.
Get Curtiss-Wright alerts:Analyst Ratings Changes
Several research analysts have issued reports on the company. StockNews.com lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Thursday, September 22nd. Stifel Nicolaus dropped their target price on Curtiss-Wright from $168.00 to $155.00 in a research report on Monday, July 18th. Finally, Truist Financial dropped their target price on Curtiss-Wright from $167.00 to $166.00 and set a "buy" rating for the company in a research report on Tuesday, July 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Curtiss-Wright has a consensus rating of "Buy" and a consensus price target of $167.40.
Curtiss-Wright Stock Performance
Curtiss-Wright stock opened at $137.04 on Wednesday. The company has a 50 day moving average price of $144.75 and a 200-day moving average price of $142.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.36. Curtiss-Wright Co. has a fifty-two week low of $123.84 and a fifty-two week high of $162.98. The company has a market capitalization of $5.26 billion, a PE ratio of 21.02 and a beta of 1.29.Curtiss-Wright (NYSE:CW – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The aerospace company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. Curtiss-Wright had a net margin of 10.50% and a return on equity of 15.77%. The firm had revenue of $609.36 million during the quarter, compared to the consensus estimate of $604.85 million. As a group, equities analysts forecast that Curtiss-Wright Co. will post 8.23 earnings per share for the current year.
Curtiss-Wright Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, September 29th. Curtiss-Wright's dividend payout ratio (DPR) is 11.66%.
Curtiss-Wright Company Profile
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Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
Further Reading
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