1,101 Shares in Curtiss-Wright Corporation $CW Acquired by Themes Management Co LLC

Themes Management Co LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,101 shares of the aerospace company’s stock, valued at approximately $607,000.

Other hedge funds have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new stake in Curtiss-Wright during the third quarter worth approximately $26,000. Larson Financial Group LLC boosted its position in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth approximately $43,000. Sunbelt Securities Inc. acquired a new stake in Curtiss-Wright during the third quarter worth approximately $43,000. Finally, V Square Quantitative Management LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insiders Place Their Bets

In other news, COO Kevin Rayment sold 907 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the transaction, the chief operating officer owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. This trade represents a 2.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lynn M. Bamford sold 3,225 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the completion of the transaction, the chief executive officer directly owned 50,634 shares in the company, valued at approximately $34,264,027.80. This represents a 5.99% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 5,961 shares of company stock worth $4,039,279. 0.51% of the stock is owned by company insiders.

Curtiss-Wright Stock Down 0.1%

Shares of CW opened at $730.37 on Tuesday. The firm has a market cap of $26.98 billion, a PE ratio of 53.51, a price-to-earnings-growth ratio of 3.39 and a beta of 0.86. The company’s fifty day moving average is $710.33 and its two-hundred day moving average is $647.59. Curtiss-Wright Corporation has a fifty-two week low of $413.35 and a fifty-two week high of $760.72. 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 (NYSE:CW) last announced its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same quarter last year, the business earned $2.82 EPS. Curtiss-Wright’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts forecast that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Citigroup lifted their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $746.67.

Curtiss-Wright 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.