MQS Management LLC bought a new position in Curtiss-Wright Corporation (NYSE:CW – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 869 shares of the aerospace company’s stock, valued at approximately $479,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in shares of Curtiss-Wright during the third quarter valued at $26,000. Larson Financial Group LLC lifted its holdings in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Curtiss-Wright during the fourth quarter valued at $43,000. Sunbelt Securities Inc. bought a new position in shares of Curtiss-Wright during the third quarter valued at $43,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Curtiss-Wright during the fourth quarter valued at $45,000. 82.71% of the stock is owned by institutional investors.
Insider Activity
In related news, COO Kevin Rayment sold 907 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the sale, the chief operating officer owned 31,493 shares in the company, valued at approximately $21,332,728.34. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 3,225 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total value of $2,182,357.50. Following the sale, the chief executive officer owned 50,634 shares of the company’s stock, valued at $34,264,027.80. This represents a 5.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,961 shares of company stock valued at $4,039,279 in the last three months. 0.51% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Curtiss-Wright
Curtiss-Wright Stock Performance
Shares of CW opened at $730.37 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $709.33 and a two-hundred day simple moving average of $646.26. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 53.51, a PEG ratio of 3.39 and a beta of 0.86. Curtiss-Wright Corporation has a 52 week low of $413.35 and a 52 week high of $760.72.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter last year, the business posted $2.82 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. On average, analysts expect that Curtiss-Wright Corporation will post 15.15 EPS for the current year.
Curtiss-Wright Dividend Announcement
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 dividend of $0.24 per share. The ex-dividend date is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.
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.
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