Curtiss-Wright Corporation $CW Shares Acquired by Interval Partners LP

Interval Partners LP lifted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 19.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,616 shares of the aerospace company’s stock after purchasing an additional 3,823 shares during the quarter. Interval Partners LP owned about 0.06% of Curtiss-Wright worth $12,822,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. TD Asset Management Inc boosted its holdings in Curtiss-Wright by 0.3% in the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after acquiring an additional 2,153 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Curtiss-Wright by 5.3% during the third quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after acquiring an additional 37,069 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Curtiss-Wright by 31.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock valued at $395,665,000 after purchasing an additional 174,592 shares during the last quarter. Norges Bank acquired a new stake in Curtiss-Wright in the 2nd quarter worth approximately $241,537,000. Finally, American Century Companies Inc. grew its holdings in shares of Curtiss-Wright by 15.9% during the third quarter. American Century Companies Inc. now owns 394,204 shares of the aerospace company’s stock valued at $214,029,000 after buying an additional 54,197 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 9,327 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the transaction, the chief executive officer directly owned 46,192 shares in the company, valued at $28,936,978.40. This trade represents a 16.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Kevin Rayment sold 2,634 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,649,753.22. Following the completion of the transaction, the chief operating officer directly owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. The trade was a 8.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,269 shares of company stock valued at $10,797,098 over the last quarter. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CW. Citigroup upped their target price on Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Morgan Stanley restated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $663.17.

Curtiss-Wright Price Performance

Shares of CW stock opened at $654.64 on Friday. The company has a market capitalization of $24.14 billion, a PE ratio of 50.87, a price-to-earnings-growth ratio of 3.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The firm’s 50-day moving average is $663.82 and its two-hundred day moving average is $584.74. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The firm had revenue of $946.98 million for the quarter, compared to analysts’ expectations of $890.14 million. During the same period in the prior year, the firm posted $3.27 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

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.