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Truist Financial Corp. acquires 6,861 Curtiss-Wright Co. shares (NYSE:CW)

Truist Financial Corp. acquires 6,861 Curtiss-Wright Co. shares (NYSE:CW)

During the third quarter, according to the most recent 13F report that the company filed with the Securities and Exchange Commission, Trust Financial Corp. increased its holdings in Curtiss-Wright Co. (NYSE: CW) by 291.3%. The company’s portfolio now contains a total of 9,216 shares of the aerospace company after the company bought an additional 6,861 shares during the quarter. Curtiss-Holdings Wright’s shares of Trust Financial Corp were valued at $1,282,000 at the end of the most recent accounting period. The conclusion of the period allowed for the calculation of this figure

Recently, transactions involving the company’s stock have taken place with other hedge funds. These transactions involved the company. During the third quarter, Wipfli Financial Advisors LLC made a new investment in Curtiss-Wright in the amount of $51,000nvolved the company. During the third quarter, Wipfli Financial Advisors LLC made a new investment in Curtiss-Wright for $51,000. The investment was made. During the third quarter of 2018, Janney Montgomery Scott LLC increased the amount of Curtiss-Wright stock that it held by 7.7% compared to the previous quarter. After purchasing an additional 327 shares during the most recent quarter, Janney Montgomery Scott LLC now holds 4,585 shares of the aerospace company’s stock, which has a value of $638,000. This brings the total number of shares that the company owns to 4,585. Due to the firm’s continued investment, Meritage Portfolio Management’s ownership of Curtiss-Wright shares went up by 3.1% during the third quarter. As a result of the acquisition of 97 additional shares during the period in question, Meritage Portfolio Management now has a total of 3,234 shares of the aerospace company’s stock in its possession. These shares have a combined value of $450,000. Ziegler Capital Management LLC made a 7.5% increase in the amount of Curtiss-Wright stock that it held at the end of the third quarter. Ziegler Capital Management LLC now has 9,939 shares of the aerospace company’s stock, valued at $1,383,000, after purchasing an additional 695 shares during the most recent quarter. These shares were acquired for a total cost of $695.

Last but not least, Raymond James & Associates increased the percentage of Curtiss-Wright shares that it owned by 5.2% during the third quarter. This certainly should not be considered the least important development. Raymond James & Associates now owns 63,763 shares of the aerospace company’s stock, valued at $8,873,000, after purchasing an additional 3,144 shares during the period in question. There are currently 84.95% of the company’s shares held by institutional investors such as hedge funds and other institutional investors.

As trading got underway on Thursday, the price of a share of Curtiss-Wright was $159.52 per share. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08, a current ratio of 1.68, a beta of 1.26, and a price-to-earnings ratio of 23.70. These are all ratios based on the company’s financial statements. It is currently estimated that the company has a market capitalization of $6.11 billion. The low point over the past year for the stock of Curtiss-Wright Co. was $124.37, while the high point over the past year for the company’s stock was $182.55. Moving averages for the past 50 days come in at $170.11 for the company while moving averages for the past 200 days come in at $155.37.

On November 2, the most recent quarterly earnings report by Curtiss-Wright (NYSE: CW) was made available to the general public. The aerospace company’s quarterly earnings per share came in at $2.07, which was $0.04 higher than the average prediction of $2.03 for the quarter. The range of figures that market analysts anticipated for the company’s quarterly revenue was from $658.30 million to $630.54 million. According to their financial statements, Curtiss-Wright had a return on equity of 15.96 percent and a net margin of 10.62 percent. According to projections made by industry analysts, Curtiss-Wright Company is expected to generate earnings of $8.12 per share during the current fiscal year.

In addition, the company just recently declared and distributed a quarterly dividend, which was distributed on December 1. On Wednesday, November 23, dividend payments of $0.19 per share were sent to stockholders who were already on record. This translates to a dividend payout of $0.76 each year, giving the investment a yield of 0.48%. Tuesday, November 22, was the date that shareholders were required to pay taxes on this dividend. This date occurred in November. For Curtiss-Wright Corporation, the payout ratio, also known as the DPR, is 11.29 percent.

Several analysts with extensive experience in the field have conducted recent research on CW stock. Recent stock market activity is the primary focus of these papers. On October 12, StockNews.com published its first research report about the Curtiss-Wright Corporation. This event occurred on a Wednesday. The consensus recommendation for the stock was a “buy.” Trust Financial increased the price goal for Curtiss-Wright from $175.00 to $183.00 in a research report published on Monday, January 9. The previous price goal was $175.00. Morgan Stanley published a research note on Monday, December 12, in which they downgraded shares of Curtiss-Wright from “overweight” to “equal weight” and lifted their price target from $187.00 to $188.00. On October 10, Wolfe Research issued a report indicating that it would begin covering shares of Curtiss-Wright. They gave the stock an “outperform” rating and anticipated it would reach a price of $170.00 by the end of their forecast period. Robert W. Baird increased their price objective on Curtiss-Wright shares from $157.00 to $186.00 in a report made public on Friday, November 4. This was the final change, but certainly not the least important one. Six of the equity research experts recommended the stock to buy, while only one of them recommended that investors hold onto it. According to the data compiled by Bloomberg, the consensus regarding Curtiss-I has experience in the field. Recent stock market activity is the primary focus of these papers. On October 12, StockNews.com published its first research report about the Curtiss-Wright Corporation. This event occurred on a Wednesday. The consensus recommendation for the stock was a “buy.” Trust Financial increased the price goal for Curtiss-Wright from $175.00 to $183.00 in a research report published on Monday, January 9. The previous price goal was $175.00. Morgan Stanley published a research note on Monday, December 12, in which they downgraded shares of Curtiss-Wright from “overweight” to “equal weight” and lifted their price target from $187.00 to $188.00. On October 10, Wolfe Research issued a report indicating that it would begin covering shares of Curtiss-Wright. They gave the stock an “outperform” rating and anticipated it would reach a price of $170.00 by the end of their forecast period. Robert W. Baird increased their price objective on Curtiss-Wright shares from $157.00 to $186.00 in a report made public on Friday, November 4. This was the final change, but certainly not the least important one. Six of the equity research experts recommended the stock to buy, while only one of them recommended that investors hold onto it. According to the data compiled by Bloomberg, the consensus regarding Curtiss-Wright’s stock is that it is currently a “Moderate Buy” and that $177.00 is an appropriate price target for the company’s shares.

The Curtiss-Wright Corporation is a multinational, integrated business primarily serving the aerospace and defense industries and the demanding commercial power, process, and industrial markets with essential technology. The corporation’s other markets include an industrial business that primarily serves the aerospace and defense industries and the demanding commercial power, process, and industrial markets with essential technology. The corporation’s other markets include industrial, process and industrial services, aerospace, and defense industries, and the demanding commercial power, process, and industrial mark.

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