Quantinno Capital Management LP Grows Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Quantinno Capital Management LP increased its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 23.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,531 shares of the aerospace company’s stock after acquiring an additional 4,640 shares during the period. Quantinno Capital Management LP’s holdings in Curtiss-Wright were worth $8,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. purchased a new stake in Curtiss-Wright in the 4th quarter valued at approximately $13,395,000. Kathmere Capital Management LLC boosted its holdings in Curtiss-Wright by 8.5% in the 4th quarter. Kathmere Capital Management LLC now owns 731 shares of the aerospace company’s stock valued at $259,000 after purchasing an additional 57 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Curtiss-Wright by 23.1% in the 4th quarter. Park Avenue Securities LLC now owns 5,615 shares of the aerospace company’s stock valued at $1,993,000 after purchasing an additional 1,054 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Curtiss-Wright by 33.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,198 shares of the aerospace company’s stock valued at $1,490,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Curtiss-Wright in the 4th quarter valued at approximately $210,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now owns 1,899 shares in the company, valued at $617,953.59. The trade was a 7.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the completion of the transaction, the insider now owns 19,239 shares in the company, valued at $6,265,757.52. This represents a 3.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,642 shares of company stock valued at $3,581,107. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Up 1.1%

Shares of CW opened at $406.40 on Friday. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $407.92. The stock has a fifty day moving average of $333.16 and a two-hundred day moving average of $346.67. The company has a market capitalization of $15.30 billion, a PE ratio of 38.52, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The company had revenue of $805.65 million during the quarter, compared to analysts’ expectations of $767.32 million. During the same period in the previous year, the company earned $1.99 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.24%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright’s dividend payout ratio is 7.47%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial lowered their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Stifel Nicolaus reduced their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Citigroup reduced their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $377.43.

About Curtiss-Wright

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.