Zeke Capital Advisors LLC Invests $243,000 in Curtiss-Wright Corp. (CW)

Zeke Capital Advisors LLC bought a new position in Curtiss-Wright Corp. (NYSE:CW) during the fourth quarter, Holdings Channel reports. The firm bought 1,995 shares of the aerospace company’s stock, valued at approximately $243,000.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Curtiss-Wright by 4.4% during the fourth quarter. BlackRock Inc. now owns 6,019,976 shares of the aerospace company’s stock worth $733,531,000 after acquiring an additional 252,599 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Curtiss-Wright during the fourth quarter worth approximately $25,354,000. Prudential Financial Inc. increased its stake in Curtiss-Wright by 51.0% during the third quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock worth $51,721,000 after acquiring an additional 167,135 shares during the last quarter. Millennium Management LLC increased its stake in Curtiss-Wright by 132.7% during the fourth quarter. Millennium Management LLC now owns 290,711 shares of the aerospace company’s stock worth $35,423,000 after acquiring an additional 165,803 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Curtiss-Wright by 69.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 259,590 shares of the aerospace company’s stock worth $31,631,000 after acquiring an additional 106,285 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

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CW stock traded down $0.42 on Wednesday, hitting $137.16. The stock had a trading volume of 1,863 shares, compared to its average volume of 225,564. The company has a market capitalization of $6,062.00, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.91 and a beta of 1.17. Curtiss-Wright Corp. has a 1 year low of $82.77 and a 1 year high of $140.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.73 and a current ratio of 2.37.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 21st. The aerospace company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.29. The firm had revenue of $611.88 million for the quarter, compared to analysts’ expectations of $589.22 million. Curtiss-Wright had a return on equity of 15.46% and a net margin of 9.46%. sell-side analysts expect that Curtiss-Wright Corp. will post 5.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.44%. Curtiss-Wright’s dividend payout ratio is 12.47%.

Several brokerages have weighed in on CW. Robert W. Baird assumed coverage on Curtiss-Wright in a research note on Tuesday, December 5th. They set an “outperform” rating and a $149.00 price objective on the stock. Stifel Nicolaus upped their target price on Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, January 16th. William Blair reaffirmed a “market perform” rating on shares of Curtiss-Wright in a research note on Thursday, February 22nd. Seaport Global Securities reaffirmed a “buy” rating and set a $150.00 target price on shares of Curtiss-Wright in a research note on Monday, February 26th. Finally, Zacks Investment Research cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Curtiss-Wright has a consensus rating of “Buy” and an average target price of $137.63.

In related news, VP Tom P. Quinly sold 14,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $137.26, for a total value of $1,990,270.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albert E. Smith sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $122.35, for a total value of $207,995.00. The disclosure for this sale can be found here. Insiders sold 53,854 shares of company stock valued at $7,000,065 in the last quarter. 1.10% of the stock is owned by company insiders.

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Curtiss-Wright Profile

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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