Voleon Capital Management LP Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

Voleon Capital Management LP purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,467 shares of the aerospace company's stock, valued at approximately $875,000.

A number of other large investors have also recently bought and sold shares of the business. Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $69,000. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright during the 3rd quarter valued at $53,000. Tidal Investments LLC raised its holdings in Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock worth $381,000 after buying an additional 29 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock valued at $115,469,000 after buying an additional 22,543 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Curtiss-Wright during the third quarter worth about $230,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial cut their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Citigroup cut their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Stifel Nicolaus lowered their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $377.43.

Curtiss-Wright Stock Performance

NYSE:CW traded up $7.20 during trading on Friday, reaching $357.48. The company's stock had a trading volume of 191,610 shares, compared to its average volume of 265,192. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $393.40. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. The firm has a 50 day moving average of $321.17 and a 200-day moving average of $344.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright's dividend payout ratio is currently 7.96%.

Insiders Place Their Bets

In related news, VP John C. Watts sold 622 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now owns 5,072 shares of the company's stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright 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 sale, the vice president now directly owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,577 shares of company stock worth $9,109,255 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Profile

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.