New Age Alpha Advisors LLC trimmed its position in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,264 shares of the aerospace company’s stock after selling 1,058 shares during the period. New Age Alpha Advisors LLC’s holdings in Curtiss-Wright were worth $3,453,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of CW. AQR Capital Management LLC boosted its position in Curtiss-Wright by 45.8% in the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock worth $189,468,000 after purchasing an additional 122,048 shares during the last quarter. Freestone Grove Partners LP purchased a new position in Curtiss-Wright in the third quarter worth about $62,320,000. Swedbank AB boosted its position in Curtiss-Wright by 21,101.8% in the fourth quarter. Swedbank AB now owns 93,500 shares of the aerospace company’s stock worth $51,544,000 after purchasing an additional 93,059 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Curtiss-Wright in the fourth quarter worth about $51,089,000. Finally, M&T Bank Corp boosted its position in Curtiss-Wright by 5,993.0% in the fourth quarter. M&T Bank Corp now owns 77,868 shares of the aerospace company’s stock worth $42,926,000 after purchasing an additional 76,590 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research note on Friday, February 13th. Finally, Citigroup raised their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $746.67.
Curtiss-Wright Stock Down 0.1%
NYSE CW opened at $730.37 on Tuesday. The stock’s 50-day moving average price is $710.33 and its 200-day moving average price is $647.59. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 52 week low of $413.35 and a 52 week high of $760.72. The company has a market capitalization of $26.98 billion, a P/E ratio of 53.51, a price-to-earnings-growth ratio of 3.39 and a beta of 0.86.
Curtiss-Wright (NYSE:CW – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share. On average, equities 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 paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.03%.
Insider Activity at Curtiss-Wright
In related news, CFO K Christopher Farkas sold 918 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total transaction of $621,908.28. Following the sale, the chief financial officer owned 5,518 shares of the company’s stock, valued at approximately $3,738,224.28. This trade represents a 14.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP George P. Mcdonald sold 151 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $678.07, for a total value of $102,388.57. Following the sale, the vice president directly owned 4,210 shares in the company, valued at $2,854,674.70. This trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,961 shares of company stock worth $4,039,279 in the last three months. Corporate insiders own 0.51% of the company’s stock.
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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