Caprock Group LLC Increases Holdings in Curtiss-Wright Corporation $CW

Key Points

• Caprock Group LLC boosted its stake in Curtiss‑Wright by 53.4% in Q4 to 4,142 shares, valued at about $2.28 million, and institutional investors hold roughly 82.71% of the stock.
• Curtiss‑Wright beat quarterly expectations with EPS of $3.79 versus $3.66 and revenue of $946.98M (up 14.9% year‑over‑year), and analysts project about 15.06 EPS for the year.
• Insiders have been net sellers, offloading 22,717 shares worth approximately $14.53 million over the past 90 days, leaving insiders with about 0.51% ownership.

Caprock Group LLC increased its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 53.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,142 shares of the aerospace company's stock after acquiring an additional 1,441 shares during the period. Caprock Group LLC's holdings in Curtiss-Wright were worth $2,284,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CW. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $2,781,000. SG Americas Securities LLC raised its position in shares of Curtiss-Wright by 738.8% during the 4th quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company's stock worth $14,335,000 after purchasing an additional 22,903 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $37,812,000. Inscription Capital LLC lifted its stake in Curtiss-Wright by 248.3% in the 3rd quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company's stock valued at $1,386,000 after buying an additional 1,820 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Curtiss-Wright by 7.2% during the 3rd quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company's stock valued at $65,443,000 after buying an additional 8,095 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Down 1.1%

Shares of CW opened at $717.39 on Friday. Curtiss-Wright Corporation has a fifty-two week low of $333.33 and a fifty-two week high of $748.14. The company has a market capitalization of $26.48 billion, a PE ratio of 55.74, a price-to-earnings-growth ratio of 3.44 and a beta of 0.91. The stock has a fifty day moving average of $700.14 and a two-hundred day moving average of $625.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.13. The business had revenue of $946.98 million for the quarter, compared to analysts' expectations of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business's revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.27 earnings per share. As a group, analysts forecast that Curtiss-Wright Corporation will post 15.06 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 26th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CW shares. Citigroup raised their price target on Curtiss-Wright from $718.00 to $728.00 and gave the stock a "neutral" rating in a research report on Thursday, April 2nd. Wall Street Zen raised Curtiss-Wright from a "hold" rating to a "buy" rating in a research note on Saturday, January 10th. Truist Financial set a $603.00 price objective on Curtiss-Wright in a research report on Friday, January 9th. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $650.00 to $723.00 and gave the company a "hold" rating in a research note on Tuesday, April 14th. Finally, Morgan Stanley restated an "overweight" rating and issued a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $677.00.

Insider Buying and Selling

In other news, VP George P. Mcdonald sold 151 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $678.07, for a total transaction of $102,388.57. Following the transaction, the vice president directly owned 4,210 shares in the company, valued at $2,854,674.70. This represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kevin Rayment sold 907 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the sale, the chief operating officer owned 31,493 shares of the company's stock, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,717 shares of company stock worth $14,533,791 over the last ninety days. Insiders own 0.51% of the company's stock.

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.

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