R Squared Ltd Purchases New Shares in Curtiss-Wright Corporation (NYSE:CW)

Key Points

• R Squared Ltd has invested approximately $333,000 in Curtiss-Wright Corporation, acquiring 1,050 shares during the first quarter, as disclosed in a recent SEC filing.
• Institutional investors hold a significant portion of the company, with 82.71% of the stock owned by hedge funds and other institutional investors.
• Curtiss-Wright has recently increased its quarterly dividend from $0.21 to $0.24 per share, reflecting a commitment to returning value to shareholders.

R Squared Ltd purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,050 shares of the aerospace company's stock, valued at approximately $333,000.

Other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its position in Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares during the period. Minot DeBlois Advisors LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $35,000. Private Trust Co. NA boosted its position in Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the period. Ancora Advisors LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Curtiss-Wright by 165.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after purchasing an additional 124 shares during the period. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

CW traded up $3.13 on Monday, reaching $496.71. The company had a trading volume of 291,288 shares, compared to its average volume of 310,753. The business has a 50 day simple moving average of $472.92 and a 200 day simple moving average of $386.98. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 44.19, a P/E/G ratio of 3.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. Curtiss-Wright Corporation has a 52-week low of $258.85 and a 52-week high of $505.43.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. Curtiss-Wright's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $1.99 earnings per share. As a group, sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright's payout ratio is 8.54%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director directly owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John C. Watts sold 450 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the completion of the transaction, the vice president owned 4,959 shares in the company, valued at $2,228,376.24. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CW. Morgan Stanley increased their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Robert W. Baird increased their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $365.00 to $450.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Truist Financial lowered their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Finally, Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus target price of $467.14.

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.