US Bancorp DE lowered its position in shares of Curtiss-Wright Co. (NYSE:CW – Get Rating) by 24.2% in the third quarter, Holdings Channel reports. The firm owned 4,684 shares of the aerospace company’s stock after selling 1,492 shares during the period. US Bancorp DE’s holdings in Curtiss-Wright were worth $652,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its position in Curtiss-Wright by 16.9% during the 1st quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock worth $614,000 after acquiring an additional 593 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Curtiss-Wright by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock worth $1,141,000 after acquiring an additional 121 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter valued at approximately $308,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Curtiss-Wright by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock valued at $2,159,000 after purchasing an additional 1,371 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Curtiss-Wright by 18.8% in the 1st quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock valued at $645,770,000 after purchasing an additional 680,850 shares in the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Stifel Nicolaus upped their target price on Curtiss-Wright from $162.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Robert W. Baird upped their target price on Curtiss-Wright from $157.00 to $186.00 in a research report on Friday, November 4th. Truist Financial upped their target price on Curtiss-Wright from $175.00 to $183.00 in a research report on Monday, January 9th. Wolfe Research started coverage on Curtiss-Wright in a research report on Monday, October 10th. They issued an “outperform” rating and a $170.00 target price on the stock. Finally, Morgan Stanley lowered Curtiss-Wright from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $187.00 to $188.00 in a research report on Monday, December 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $178.40.
Curtiss-Wright Price Performance
Curtiss-Wright (NYSE:CW – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The aerospace company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.04. The firm had revenue of $630.54 million during the quarter, compared to the consensus estimate of $658.30 million. Curtiss-Wright had a return on equity of 15.96% and a net margin of 10.62%. On average, research analysts forecast that Curtiss-Wright Co. will post 8.12 earnings per share for the current year.
Curtiss-Wright Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Wednesday, November 23rd were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, November 22nd. This represents a $0.76 annualized dividend and a dividend yield of 0.48%. Curtiss-Wright’s payout ratio is 11.29%.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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