BlueCrest Capital Management Ltd acquired a new stake in shares of Curtiss-Wright Corp. (NYSE:CW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,280 shares of the aerospace company’s stock, valued at approximately $765,000.
A number of other hedge funds also recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. bought a new stake in Curtiss-Wright during the fourth quarter valued at about $1,318,000. Geode Capital Management LLC boosted its position in Curtiss-Wright by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 447,170 shares of the aerospace company’s stock valued at $54,487,000 after purchasing an additional 10,305 shares in the last quarter. EAM Investors LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at about $2,442,000. Smith Asset Management Group LP boosted its position in Curtiss-Wright by 39.3% during the fourth quarter. Smith Asset Management Group LP now owns 16,410 shares of the aerospace company’s stock valued at $2,000,000 after purchasing an additional 4,630 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its position in Curtiss-Wright by 108.1% during the fourth quarter. State of Tennessee Treasury Department now owns 52,026 shares of the aerospace company’s stock valued at $6,339,000 after purchasing an additional 27,026 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.
In other news, CEO David Charles Adams sold 13,051 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $120.44, for a total value of $1,571,862.44. Following the completion of the transaction, the chief executive officer now directly owns 88,257 shares in the company, valued at $10,629,673.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Albert E. Smith sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was 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. In the last three months, insiders sold 53,854 shares of company stock valued at $7,000,065. Corporate insiders own 1.10% of the company’s stock.
A number of brokerages recently weighed in on CW. Seaport Global Securities reaffirmed a “buy” rating and set a $150.00 price objective on shares of Curtiss-Wright in a research report on Monday, February 26th. Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Tuesday, February 27th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, January 16th. William Blair reaffirmed a “market perform” rating on shares of Curtiss-Wright in a research report on Thursday, February 22nd. Finally, Wells Fargo & Co raised Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $137.63.
Shares of Curtiss-Wright Corp. (NYSE:CW) opened at $135.59 on Thursday. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $6,071.27, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Curtiss-Wright Corp. has a twelve month low of $82.77 and a twelve month high of $140.07.
Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.29. The business had revenue of $611.88 million during the quarter, compared to the consensus estimate of $589.22 million. Curtiss-Wright had a return on equity of 15.46% and a net margin of 9.46%. sell-side analysts forecast that Curtiss-Wright Corp. will post 5.8 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.44%. The ex-dividend date is Wednesday, March 28th. Curtiss-Wright’s dividend payout ratio is presently 12.47%.
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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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