500 Shares in Curtiss-Wright Corporation $CW Bought by Chicago Capital LLC

Key Points

• Chicago Capital LLC purchased 500 shares of Curtiss-Wright Corporation, valued at approximately $244,000, marking a new position in the aerospace company.
• Curtiss-Wright reported $3.23 earnings per share for the last quarter, exceeding analysts' expectations, with revenues of $876.58 million, a year-over-year increase of 11.7%.
• The company has announced a quarterly dividend of $0.24 per share, with a payout ratio of 8.10%, to be paid on October 10th to stockholders of record as of September 26th.

Chicago Capital LLC bought a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 500 shares of the aerospace company's stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of Curtiss-Wright by 23.3% during the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after purchasing an additional 104,393 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Curtiss-Wright by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock valued at $110,769,000 after acquiring an additional 5,007 shares during the last quarter. AQR Capital Management LLC increased its position in Curtiss-Wright by 25.6% during the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company's stock valued at $81,761,000 after acquiring an additional 54,289 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Curtiss-Wright by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company's stock valued at $79,912,000 after acquiring an additional 14,684 shares during the last quarter. Finally, Nuveen LLC bought a new position in Curtiss-Wright during the first quarter valued at $70,357,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW opened at $543.84 on Wednesday. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 45.89, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $549.00. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $495.68 and a two-hundred day moving average of $433.54.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.67 EPS. As a group, analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright's payout ratio is presently 8.10%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of analyst reports. Stifel Nicolaus upped their target price on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Truist Financial dropped their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Citigroup increased their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Morgan Stanley increased their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $468.14.

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.

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