Curtiss-Wright Corporation $CW is ArchPoint Investors’ 2nd Largest Position

ArchPoint Investors boosted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,050 shares of the aerospace company’s stock after purchasing an additional 2,475 shares during the period. Curtiss-Wright comprises 5.5% of ArchPoint Investors’ portfolio, making the stock its 2nd largest position. ArchPoint Investors’ holdings in Curtiss-Wright were worth $23,181,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CW. State Street Corp lifted its holdings in Curtiss-Wright by 1.2% during the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after buying an additional 16,962 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Curtiss-Wright by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after buying an additional 47,287 shares during the last quarter. TD Asset Management Inc lifted its holdings in Curtiss-Wright by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after buying an additional 2,153 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Curtiss-Wright by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after buying an additional 39,515 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Curtiss-Wright by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock worth $401,794,000 after buying an additional 37,069 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, COO Kevin Rayment sold 907 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total value of $614,383.66. Following the sale, the chief operating officer directly owned 31,493 shares in the company, valued at $21,332,728.34. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the sale, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,080 shares of company stock worth $6,297,278 over the last quarter. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CW. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Citigroup increased their target price on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a report on Friday, May 8th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $746.67.

Curtiss-Wright Stock Up 0.1%

CW opened at $758.19 on Friday. Curtiss-Wright Corporation has a 12 month low of $458.74 and a 12 month high of $768.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The stock has a market cap of $28.01 billion, a P/E ratio of 55.54, a P/E/G ratio of 3.51 and a beta of 0.85. The stock’s 50 day moving average price is $726.95 and its 200 day moving average price is $664.44.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same period last year, the firm earned $2.82 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. As a group, research analysts predict that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.