Millennium Management LLC lifted its holdings in shares of Curtiss-Wright Corp. (NYSE:CW) by 132.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 290,711 shares of the aerospace company’s stock after acquiring an additional 165,803 shares during the period. Millennium Management LLC owned approximately 0.66% of Curtiss-Wright worth $35,423,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of CW. Systematic Financial Management LP boosted its holdings in Curtiss-Wright by 0.7% during the third quarter. Systematic Financial Management LP now owns 67,416 shares of the aerospace company’s stock worth $7,048,000 after purchasing an additional 437 shares during the last quarter. Meadow Creek Investment Management LLC boosted its holdings in Curtiss-Wright by 16.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 3,296 shares of the aerospace company’s stock worth $402,000 after purchasing an additional 464 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Curtiss-Wright by 16.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,775 shares of the aerospace company’s stock worth $460,000 after purchasing an additional 543 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Curtiss-Wright by 11.6% during the third quarter. Pacer Advisors Inc. now owns 5,751 shares of the aerospace company’s stock worth $601,000 after purchasing an additional 600 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in Curtiss-Wright by 1.1% during the fourth quarter. Stanley Laman Group Ltd. now owns 60,101 shares of the aerospace company’s stock worth $7,323,000 after purchasing an additional 625 shares during the last quarter. 78.63% of the stock is owned by institutional investors.
Several research analysts recently weighed in on the stock. Seaport Global Securities restated a “buy” rating and set a $150.00 price target on shares of Curtiss-Wright in a report on Monday, February 26th. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Tuesday, February 27th. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. William Blair restated a “market perform” rating on shares of Curtiss-Wright in a report on Thursday, February 22nd. Finally, Wells Fargo upgraded shares of Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a research note on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $137.63.
CW stock opened at $133.78 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.37 and a quick ratio of 1.73. The firm has a market cap of $5,994.88, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. Curtiss-Wright Corp. has a 52 week low of $82.77 and a 52 week high of $140.07.
Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.29. The firm had revenue of $611.88 million for the quarter, compared to analysts’ expectations of $589.22 million. Curtiss-Wright had a net margin of 9.46% and a return on equity of 15.46%. equities research analysts anticipate that Curtiss-Wright Corp. will post 5.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Wednesday, March 28th. Curtiss-Wright’s payout ratio is 12.47%.
In related news, VP K Christopher Farkas sold 700 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $120.25, for a total transaction of $84,175.00. Following the sale, the vice president now directly owns 2,152 shares in the company, valued at approximately $258,778. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Tom P. Quinly sold 14,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $137.26, for a total transaction of $1,990,270.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,854 shares of company stock worth $7,000,065. Corporate insiders own 1.10% of the company’s stock.
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Curtiss-Wright Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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