Point72 Asia Singapore Pte. Ltd. Buys New Position in Curtiss-Wright Co. (NYSE:CW)

Point72 Asia Singapore Pte. Ltd. bought a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,403 shares of the aerospace company's stock, valued at approximately $498,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after acquiring an additional 15,890 shares during the period. Invesco Ltd. boosted its position in shares of Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after purchasing an additional 84,635 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after purchasing an additional 107,115 shares during the period. Geode Capital Management LLC increased its holdings in shares of Curtiss-Wright by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after purchasing an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock valued at $210,199,000 after purchasing an additional 6,971 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares of the company's stock, valued at $617,953.59. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 922 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.47, for a total value of $300,083.34. Following the sale, the chief financial officer now owns 14,033 shares in the company, valued at approximately $4,567,320.51. The trade was a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,642 shares of company stock valued at $3,581,107 in the last ninety days. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Trading Up 1.9%

Shares of CW stock traded up $7.90 during mid-day trading on Monday, hitting $418.01. 246,602 shares of the company's stock were exchanged, compared to its average volume of 270,769. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 39.62, a PEG ratio of 2.48 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $422.64. The stock has a 50-day simple moving average of $335.15 and a two-hundred day simple moving average of $347.02.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $1.99 EPS. Equities analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CW shares. Citigroup lowered their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Truist Financial lowered their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. StockNews.com raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $377.43.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.