Custom Index Systems LLC Has $1.27 Million Position in Curtiss-Wright Co. (NYSE:CW)

Custom Index Systems LLC raised its stake in Curtiss-Wright Co. (NYSE:CW) by 76.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,857 shares of the aerospace company’s stock after buying an additional 1,675 shares during the quarter. Curtiss-Wright accounts for about 0.7% of Custom Index Systems LLC’s holdings, making the stock its 27th biggest position. Custom Index Systems LLC’s holdings in Curtiss-Wright were worth $1,268,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CW. Versant Capital Management Inc raised its position in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of Curtiss-Wright during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares during the last quarter. Tsfg LLC lifted its stake in shares of Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CW. Stifel Nicolaus boosted their price target on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Truist Financial boosted their target price on Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a report on Friday, October 18th. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $326.75.

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.67% of the stock is owned by corporate insiders.

Curtiss-Wright Stock Performance

NYSE:CW traded up $1.37 during mid-day trading on Friday, hitting $345.68. 188,682 shares of the company’s stock traded hands, compared to its average volume of 220,422. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $325.23 and a two-hundred day moving average of $291.78. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 35.60 and a beta of 1.18. Curtiss-Wright Co. has a 12 month low of $194.46 and a 12 month high of $367.55.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data 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. The business had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. Curtiss-Wright’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $2.15 earnings per share. On average, equities analysts forecast that Curtiss-Wright Co. will post 10.56 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders 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 was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

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.