AlphaQuest LLC Acquires 2,456 Shares of Curtiss-Wright Corporation $CW

AlphaQuest LLC lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 348.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,161 shares of the aerospace company’s stock after acquiring an additional 2,456 shares during the quarter. AlphaQuest LLC’s holdings in Curtiss-Wright were worth $1,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright during the first quarter valued at approximately $32,000. West Oak Capital LLC bought a new position in shares of Curtiss-Wright during the second quarter valued at approximately $49,000. Private Trust Co. NA raised its holdings in shares of Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 138 shares in the last quarter. Tsfg LLC raised its holdings in Curtiss-Wright by 112.7% in the first quarter. Tsfg LLC now owns 217 shares of the aerospace company’s stock worth $69,000 after purchasing an additional 115 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new position in Curtiss-Wright in the first quarter worth $69,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 2.2%

NYSE CW opened at $571.01 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $575.07. The stock has a market cap of $21.51 billion, a P/E ratio of 48.19, a P/E/G ratio of 3.17 and a beta of 1.14. The stock’s fifty day moving average price is $517.05 and its 200-day moving average price is $461.50.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company had revenue of $876.58 million for the quarter, compared to analysts’ expectations of $855.10 million. During the same period last year, the firm posted $2.67 earnings per share. Curtiss-Wright’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.10%.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president directly owned 3,863 shares of the company’s stock, valued at $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of research reports. Morgan Stanley increased their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Stifel Nicolaus increased their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Friday. Citigroup increased their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Truist Financial increased their target price on Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $526.00.

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.