Quest Partners LLC Invests $1.46 Million in Curtiss-Wright Co. (NYSE:CW)

Quest Partners LLC acquired a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,545 shares of the aerospace company's stock, valued at approximately $1,458,000.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of Curtiss-Wright by 8.3% in the 3rd quarter. Fifth Third Bancorp now owns 825 shares of the aerospace company's stock valued at $161,000 after buying an additional 63 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Curtiss-Wright by 6.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 4,201 shares of the aerospace company's stock valued at $822,000 after purchasing an additional 238 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Curtiss-Wright by 7.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 18,170 shares of the aerospace company's stock worth $3,555,000 after buying an additional 1,265 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in Curtiss-Wright by 63.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,177 shares of the aerospace company's stock valued at $2,187,000 after buying an additional 4,335 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in Curtiss-Wright in the third quarter valued at $5,937,000. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Trading Up 0.4 %

Curtiss-Wright stock traded up $1.25 during trading hours on Monday, reaching $279.46. 174,892 shares of the company's stock traded hands, compared to its average volume of 187,783. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 28.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.02. Curtiss-Wright Co. has a fifty-two week low of $157.85 and a fifty-two week high of $279.90. The firm's 50 day moving average is $257.20 and its 200-day moving average is $234.73.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.24. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. Curtiss-Wright's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 earnings per share. On average, analysts predict that Curtiss-Wright Co. will post 10.31 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, June 17th. This represents a $0.84 dividend on an annualized basis and a yield of 0.30%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.20. Curtiss-Wright's dividend payout ratio (DPR) is 8.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CW shares. Morgan Stanley upped their target price on shares of Curtiss-Wright from $260.00 to $284.00 and gave the stock an "overweight" rating in a report on Friday, May 3rd. Truist Financial increased their price target on Curtiss-Wright from $240.00 to $252.00 and gave the stock a "hold" rating in a research report on Friday, May 3rd. StockNews.com upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 5th. Stifel Nicolaus raised their target price on Curtiss-Wright from $255.00 to $272.00 and gave the company a "buy" rating in a research note on Wednesday, April 17th. Finally, Robert W. Baird increased their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an "outperform" rating in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Curtiss-Wright presently has an average rating of "Buy" and an average price target of $277.00.

Insider Activity

In other news, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the transaction, the chief financial officer now directly owns 9,172 shares of the company's stock, valued at $2,202,747.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO K Christopher Farkas sold 2,736 shares of the firm's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the sale, the chief financial officer now owns 9,172 shares of the company's stock, valued at $2,202,747.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the sale, the vice president now directly owns 15,942 shares of the company's stock, valued at $3,985,500. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock valued at $3,030,512 in the last ninety days. 0.55% of the stock is owned by insiders.

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.