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Curtiss-Wright (CW)

Curtiss-Wright Corporation is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,300 people worldwide.

Company profile

Ticker
CW
Exchange
CEO
David Adams
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Curtiss Wright Controls Inc. • Curtiss-Wright Electro-Mechanical Corporation • Curtiss-Wright Flow Control Corporation • Dy4 Systems, Inc. • Metal Improvement Company, LLC ...
IRS number
130612970

CW stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$160.50
Low target
$155.00
High target
$166.00
Truist Securities
Maintains
Buy
$166.00
19 Jul 22
Stifel
Maintains
Buy
$155.00
18 Jul 22

Calendar

4 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 171.41M 171.41M 171.41M 171.41M 171.41M 171.41M
Cash burn (monthly) (no burn) 2.17M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 3.12M n/a n/a n/a n/a
Cash remaining n/a 168.3M n/a n/a n/a n/a
Runway (months of cash) n/a 77.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Jul 22 David Charles Adams Common Stock Grant Acquire A No No 132.06 142 18.75K 45,136
11 Jul 22 Anthony J Moraco Common Stock Grant Acquire A No No 132.06 190 25.09K 2,126
7 Jul 22 John C Watts Common Stock Grant Acquire A No No 111.35 44 4.9K 2,694
7 Jul 22 Ferdenzi Paul J Common Stock Grant Acquire A No No 111.35 105 11.69K 15,136
7 Jul 22 Robert J Freda Common Stock Grant Acquire A No No 111.35 92 10.24K 2,968
81.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 347 335 +3.6%
Opened positions 57 58 -1.7%
Closed positions 45 23 +95.7%
Increased positions 108 80 +35.0%
Reduced positions 113 129 -12.4%
13F shares Current Prev Q Change
Total value 4.69B 4.31B +8.8%
Total shares 31.22M 31.09M +0.4%
Total puts 35.2K 21.9K +60.7%
Total calls 24.7K 9.6K +157.3%
Total put/call ratio 1.4 2.3 -37.5%
Largest owners Shares Value Change
BLK Blackrock 4.3M $645.77M +18.8%
Vanguard 3.47M $521.42M -2.1%
FMR 1.92M $289.05M +0.1%
Boston Partners 1.78M $267.17M -14.3%
STT State Street 1.5M $225.53M +10.4%
Primecap Management 1.4M $210.25M -17.8%
IVZ Invesco 969.85K $145.63M -2.3%
Wellington Management 756.89K $113.66M +31.7%
BK Bank Of New York Mellon 736.2K $110.55M -2.1%
Dimensional Fund Advisors 638.15K $95.83M +2.7%
Largest transactions Shares Bought/sold Change
BLK Blackrock 4.3M +680.85K +18.8%
Norges Bank 0 -439.14K EXIT
Primecap Management 1.4M -303.26K -17.8%
Boston Partners 1.78M -297.29K -14.3%
Vulcan Value Partners 0 -290.36K EXIT
Select Equity 222.88K +222.88K NEW
Lord, Abbett & Co. 409.8K +196.62K +92.2%
Wellington Management 756.89K +182.13K +31.7%
STT State Street 1.5M +141.7K +10.4%
Jennison Associates 0 -132.29K EXIT

Financial report summary

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Competition
Circor International
Management Discussion
  • Sales for the year increased $115 million, or 5%, to $2,506 million, compared with the prior year period. On a segment basis, sales from the Defense Electronics and Naval & Power segments increased $116 million and $18 million, respectively, with sales from the Aerospace & Industrial segment decreasing $19 million. Changes in sales by segment are discussed in further detail in the "Results by Business Segment" section below.
  • Operating income for the year increased $94 million, or 32%, to $383 million, and operating margin increased 320 basis points compared with 2020. In the Aerospace & Industrial segment, increases in operating income and operating margin were primarily due to current year savings recognized as a result of our prior year restructuring initiatives, as well as favorable overhead absorption on higher general industrial sales. Operating income in the Defense Electronics segment increased primarily due to the benefits from our ongoing operational excellence initiatives, the incremental impact of our PacStar acquisition, as well as the absence of first year purchase accounting costs from our 901D acquisition. These increases were partially offset by higher research and development costs and unfavorable foreign currency translation. Operating margin in the Defense Electronics segment was negatively impacted by first year purchase accounting costs from our PacStar acquisition. In the Naval & Power segment, increases in operating income and operating margin were primarily due to current year savings recognized as a result of our prior year restructuring initiatives, as well as lower current period impairment losses on assets held for sale in our German industrial valves business compared to the prior year period.
  • Non-segment operating expense for the year increased $2 million, or 6%, to $40 million, primarily due to higher environmental costs.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accordion, arresting, deflation, expire, feature, helicopter, inflation, jet, offering, placement, recur, SAA, size, syndicate, terminated, weighted, withholding
Removed: charge, Director, Unsecured

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