Cardano Risk Management B.V. Invests $108.31 Million in Curtiss-Wright Corporation $CW

Cardano Risk Management B.V. purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 142,936 shares of the aerospace company’s stock, valued at approximately $108,311,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CW. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright during the 4th quarter worth $31,000. Larson Financial Group LLC boosted its position in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after buying an additional 15 shares during the period. Signature Equity Partners LLC increased its stake in shares of Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after buying an additional 35 shares during the period. Finally, Elevation Wealth Partners LLC raised its position in shares of Curtiss-Wright by 237.5% during the second quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CW. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Citigroup lifted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Finally, Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $773.67.

Insider Activity

In related news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock valued at $2,257,998 in the last ninety days. 0.51% of the stock is owned by insiders.

Curtiss-Wright Stock Down 3.3%

NYSE:CW opened at $690.27 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 12-month low of $464.91 and a 12-month high of $808.16. The stock’s fifty day simple moving average is $744.52 and its 200-day simple moving average is $713.98. The firm has a market capitalization of $25.50 billion, a P/E ratio of 47.51, a P/E/G ratio of 3.17 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 5th. The aerospace company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the prior year, the company posted $3.23 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Curtiss-Wright has set its FY 2026 guidance at 15.100-15.400 EPS. Equities research analysts expect that Curtiss-Wright Corporation will post 15.24 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is 7.16%.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.