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

Quantinno Capital Management LP grew its stake in Curtiss-Wright Co. (NYSE:CW) by 23.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,531 shares of the aerospace company’s stock after purchasing an additional 4,640 shares during the period. Quantinno Capital Management LP owned approximately 0.06% of Curtiss-Wright worth $8,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new position in Curtiss-Wright in the fourth quarter worth approximately $201,856,000. William Blair Investment Management LLC purchased a new position in Curtiss-Wright in the fourth quarter worth approximately $132,626,000. TimesSquare Capital Management LLC grew its position in Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after acquiring an additional 166,672 shares during the period. Principal Financial Group Inc. grew its position in Curtiss-Wright by 170.2% in the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after acquiring an additional 163,433 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after acquiring an additional 160,395 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 1.1%

Shares of NYSE CW opened at $406.40 on Friday. The stock has a market cap of $15.30 billion, a P/E ratio of 38.52, a PEG ratio of 2.48 and a beta of 1.04. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $407.92. The business’s fifty day simple moving average is $333.16 and its 200-day simple moving average is $346.67.

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. The business had revenue of $805.65 million for the quarter, compared to analysts’ expectations of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $1.99 earnings per share. As a group, equities analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

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

Insider Buying and Selling at Curtiss-Wright

In other news, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the sale, the insider now owns 19,239 shares in the company, valued at $6,265,757.52. This trade represents a 3.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock worth $3,581,107 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

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