Nicholas Investment Partners LP Has $1.67 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Nicholas Investment Partners LP raised its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 27.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,171 shares of the aerospace company’s stock after acquiring an additional 1,333 shares during the quarter. Nicholas Investment Partners LP’s holdings in Curtiss-Wright were worth $1,672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CW. Vanguard Group Inc. lifted its position in Curtiss-Wright by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after purchasing an additional 18,939 shares during the period. Boston Partners increased its stake in shares of Curtiss-Wright by 3.0% in the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after acquiring an additional 40,657 shares during the last quarter. Norges Bank acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at approximately $113,885,000. Global Alpha Capital Management Ltd. boosted its position in Curtiss-Wright by 41.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after acquiring an additional 103,780 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after acquiring an additional 301,394 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

CW stock opened at $303.96 on Friday. The company has a market cap of $11.64 billion, a P/E ratio of 31.30 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The stock’s fifty day moving average price is $291.53 and its 200-day moving average price is $271.89. Curtiss-Wright Co. has a 1 year low of $190.64 and a 1 year high of $318.20.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share. On average, equities analysts forecast that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s payout ratio is 8.65%.

Insider Buying and Selling

In other Curtiss-Wright 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 value of $151,400.00. Following the sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have bought 120 shares of company stock worth $27,914. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Truist Financial increased their price objective on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Stifel Nicolaus raised their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley lifted their price target on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Robert W. Baird lifted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Buy” and a consensus target price of $307.50.

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.