Curtiss-Wright Co. (NYSE:CW) Shares Purchased by 1832 Asset Management L.P.

1832 Asset Management L.P. boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 4,028.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,019 shares of the aerospace company’s stock after acquiring an additional 6,849 shares during the period. 1832 Asset Management L.P.’s holdings in Curtiss-Wright were worth $1,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Curtiss-Wright during the 4th quarter worth about $113,885,000. Public Employees Retirement Association of Colorado grew its position in shares of Curtiss-Wright by 1,901.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock valued at $33,502,000 after purchasing an additional 142,863 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at about $31,816,000. Global Alpha Capital Management Ltd. lifted its stake in shares of Curtiss-Wright by 41.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after purchasing an additional 103,780 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Curtiss-Wright by 204.0% in the 1st quarter. Van ECK Associates Corp now owns 109,805 shares of the aerospace company’s stock valued at $28,103,000 after purchasing an additional 73,686 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 0.6 %

Curtiss-Wright stock traded up $1.54 during trading on Friday, reaching $280.32. The stock had a trading volume of 158,346 shares, compared to its average volume of 219,826. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright Co. has a 52-week low of $188.71 and a 52-week high of $288.44. The stock has a market cap of $10.74 billion, a PE ratio of 28.87 and a beta of 1.18. The business has a 50 day moving average price of $276.71 and a 200 day moving average price of $255.55.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.24. The business had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 EPS. On average, analysts predict that Curtiss-Wright Co. will post 10.25 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were paid a $0.21 dividend. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Monday, June 17th. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CW. Robert W. Baird lifted their target price on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley raised their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Truist Financial boosted their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Finally, Stifel Nicolaus increased 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $304.50.

Insiders Place Their Bets

In related news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the transaction, the chief operating officer now directly owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Kevin Rayment sold 8,415 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the sale, the chief operating officer now directly owns 19,914 shares in the company, valued at $5,609,176.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Marce Fuller sold 5,300 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the transaction, the director now owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 120 shares of company stock valued at $27,914. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Company 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.