Kera Capital Partners Inc. Takes $252,000 Position in Curtiss-Wright Corporation $CW

Key Points

• Kera Capital Partners Inc. has invested approximately $252,000 in Curtiss-Wright Corporation by acquiring 516 shares in the 2nd quarter.
• Curtiss-Wright recently reported quarterly earnings of $3.23 per share, exceeding estimates, with revenue reaching $876.58 million, marking an 11.7% year-over-year increase.
• The company announced a quarterly dividend of $0.24 per share, representing an annualized dividend yield of 0.2% and a payout ratio of 8.10%.

Kera Capital Partners Inc. acquired a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 516 shares of the aerospace company's stock, valued at approximately $252,000.

Several other hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Curtiss-Wright by 23.3% in the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock worth $175,417,000 after purchasing an additional 104,393 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Curtiss-Wright by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock worth $110,769,000 after purchasing an additional 5,007 shares during the period. AQR Capital Management LLC lifted its position in Curtiss-Wright by 25.6% in the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company's stock worth $81,761,000 after purchasing an additional 54,289 shares during the period. GAMMA Investing LLC lifted its position in Curtiss-Wright by 44,878.7% in 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Curtiss-Wright by 6.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company's stock worth $79,912,000 after purchasing an additional 14,684 shares during the period. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Down 0.2%

NYSE:CW opened at $509.88 on Monday. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 43.03, a price-to-earnings-growth ratio of 3.12 and a beta of 1.15. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $517.09. The stock's 50 day moving average price is $486.75 and its two-hundred day moving average price is $417.27. 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 (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.10. The firm had revenue of $876.58 million for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $2.67 EPS. Equities research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced 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 of this dividend is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright's payout ratio is presently 8.10%.

Insider Buying and Selling 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 stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Robert W. Baird raised their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Morgan Stanley raised their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Stifel Nicolaus increased their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Finally, Truist Financial dropped their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $468.14.

Curtiss-Wright Company 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.

Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corporation (NYSE:CW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.