HWG Holdings LP Has $20.02 Million Stock Position in Curtiss-Wright Corporation $CW

Key Points

• HWG Holdings LP has increased its stake in Curtiss-Wright Corporation by 15.6%, making it the 5th largest position in their portfolio.
• Curtiss-Wright reported an EPS of $3.23 for the most recent quarter, exceeding the consensus estimate, with revenue growth of 11.7% year-over-year.
• The company announced a quarterly dividend of $0.24, which reflects an annualized yield of 0.2%.

HWG Holdings LP grew its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 15.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,986 shares of the aerospace company's stock after purchasing an additional 5,517 shares during the period. Curtiss-Wright makes up 5.9% of HWG Holdings LP's portfolio, making the stock its 5th biggest holding. HWG Holdings LP owned about 0.11% of Curtiss-Wright worth $20,024,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new position in shares of Curtiss-Wright during the 2nd quarter valued at $235,000. Radnor Capital Management LLC lifted its holdings in shares of Curtiss-Wright by 3.9% during the 2nd quarter. Radnor Capital Management LLC now owns 7,879 shares of the aerospace company's stock worth $3,849,000 after acquiring an additional 297 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Curtiss-Wright by 241.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 2,499 shares of the aerospace company's stock worth $1,221,000 after acquiring an additional 1,768 shares during the last quarter. Balefire LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth $241,000. Finally, GK Wealth Management LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth $241,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Curtiss-Wright Trading Up 0.1%

Shares of CW stock traded up $0.48 during mid-day trading on Friday, reaching $513.28. The stock had a trading volume of 510,569 shares, compared to its average volume of 224,897. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $525.84. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The stock's 50-day moving average price is $489.80 and its two-hundred day moving average price is $423.28. The firm has a market capitalization of $19.34 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 3.15 and a beta of 1.15.

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

Curtiss-Wright Dividend Announcement

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

Insider Activity

In related news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate 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.