Exchange Traded Concepts LLC Takes Position in Curtiss-Wright Corporation $CW

Key Points

• Exchange Traded Concepts LLC invested approximately $10.02 million in Curtiss-Wright Corporation by acquiring 20,506 shares during the second quarter, representing about 0.05% ownership of the company.
• Curtiss-Wright's stock opened at $513.18, which is up 3.1%, with a market capitalization of $19.34 billion and a price-to-earnings ratio of 43.31.
• The company reported earnings of $3.23 EPS in its last quarter, exceeding analyst expectations, and announced a quarterly dividend of $0.24 per share to be paid in October.

Exchange Traded Concepts LLC acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,506 shares of the aerospace company's stock, valued at approximately $10,018,000. Exchange Traded Concepts LLC owned approximately 0.05% of Curtiss-Wright as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Curtiss-Wright by 44,878.7% during the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock worth $82,340,000 after purchasing an additional 258,950 shares in the last quarter. Nuveen LLC purchased a new position in Curtiss-Wright in the 1st quarter valued at about $70,357,000. Wedge Capital Management L L P NC purchased a new position in Curtiss-Wright in the 1st quarter valued at about $55,639,000. Bank of New York Mellon Corp lifted its stake in Curtiss-Wright by 23.3% in 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 buying an additional 104,393 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Curtiss-Wright by 135.0% in the 1st quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company's stock valued at $48,910,000 after buying an additional 88,557 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Up 0.1%

CW stock traded up $0.48 during trading hours on Friday, hitting $513.28. The company's stock had a trading volume of 510,569 shares, compared to its average volume of 224,897. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $525.84. The stock has a 50 day moving average price of $489.80 and a two-hundred day moving average price of $423.28. The company 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 released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. The company had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $2.67 EPS. On average, equities research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction that occurred 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 transaction, the vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

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