OP Asset Management Ltd Takes $2.62 Million Position in Curtiss-Wright Corporation $CW

OP Asset Management Ltd acquired a new position in Curtiss-Wright Corporation (NYSE:CWFree Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,847 shares of the aerospace company’s stock, valued at approximately $2,620,000.

Several other institutional investors have also recently made changes to their positions in the business. XML Financial LLC acquired a new position in Curtiss-Wright during the first quarter valued at $204,000. SG Americas Securities LLC raised its stake in shares of Curtiss-Wright by 373.1% during the 1st quarter. SG Americas Securities LLC now owns 123,018 shares of the aerospace company’s stock valued at $83,790,000 after buying an additional 97,015 shares during the last quarter. Smith Salley Wealth Management lifted its holdings in shares of Curtiss-Wright by 0.9% in the 1st quarter. Smith Salley Wealth Management now owns 33,062 shares of the aerospace company’s stock valued at $22,519,000 after buying an additional 293 shares during the period. Evolve Private Wealth LLC lifted its holdings in shares of Curtiss-Wright by 4.5% in the 1st quarter. Evolve Private Wealth LLC now owns 805 shares of the aerospace company’s stock valued at $548,000 after buying an additional 35 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Curtiss-Wright by 2.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 94,740 shares of the aerospace company’s stock worth $64,529,000 after buying an additional 2,065 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,119 shares of company stock worth $2,257,998 in the last ninety days. 0.51% of the stock is owned by insiders.

Curtiss-Wright Price Performance

NYSE:CW opened at $747.45 on Friday. Curtiss-Wright Corporation has a 52 week low of $463.00 and a 52 week high of $800.00. 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 stock has a market capitalization of $27.61 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 3.46 and a beta of 0.85. The stock’s 50-day moving average price is $737.23 and its 200-day moving average price is $679.65.

Curtiss-Wright (NYSE:CWGet Free Report) last announced its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $863.83 million. During the same quarter last year, the firm posted $2.82 EPS. The business’s revenue was up 13.4% on a year-over-year basis. As a group, equities analysts expect that Curtiss-Wright Corporation will post 15.17 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.62%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CW shares. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a report on Friday, May 8th. Citigroup upped their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Finally, Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $746.67.

View Our Latest Stock Report on CW

About Curtiss-Wright

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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