Curtiss-Wright Corporation $CW Shares Purchased by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP increased its position in Curtiss-Wright Corporation by 198.9%, raising its stake to 7,375 shares worth $2.34 million at the end of the last reporting period.
• Several other hedge funds, including GAMMA Investing LLC, significantly increased their investments in Curtiss-Wright, with GAMMA boosting its stake by 44,878.7%.
• Research analysts have raised price targets for Curtiss-Wright, with Morgan Stanley and Citigroup setting targets at $550.00 and $568.00, respectively, indicating strong investment interest in the company.

Voleon Capital Management LP lifted its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 198.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,375 shares of the aerospace company's stock after acquiring an additional 4,908 shares during the quarter. Voleon Capital Management LP's holdings in Curtiss-Wright were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth approximately $35,000. Whipplewood Advisors LLC boosted its position in shares of 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 in the last quarter. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright during the first quarter worth $32,000. Private Trust Co. NA lifted its position in Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 138 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 124 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the 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 directly owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Trading Up 3.2%

CW stock traded up $15.79 during mid-day trading on Thursday, reaching $511.27. 384,275 shares of the stock traded hands, compared to its average volume of 202,625. The business has a 50-day moving average price of $486.57 and a two-hundred day moving average price of $414.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The stock has a market capitalization of $19.26 billion, a PE ratio of 43.15, a PEG ratio of 3.03 and a beta of 1.15. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.67 earnings per share. Equities research analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Analyst Ratings Changes

CW has been the topic of several recent research reports. Morgan Stanley raised their target price 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. Robert W. Baird upped their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Citigroup boosted their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Finally, Truist Financial cut 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. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $468.14.

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.