Paradoxiom Capital L.P. Invests $5.43 Million in Curtiss-Wright Co. (NYSE:CW)

Paradoxiom Capital L.P. purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,308 shares of the aerospace company's stock, valued at approximately $5,432,000. Curtiss-Wright comprises 2.2% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 24th biggest holding.

Several other large investors have also modified their holdings of CW. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the fourth quarter valued at $31,000. Minot DeBlois Advisors LLC purchased a new stake in Curtiss-Wright in the 4th quarter valued at about $35,000. Ancora Advisors LLC purchased a new stake in Curtiss-Wright in the 4th quarter valued at about $49,000. UMB Bank n.a. lifted its stake in shares of Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in Curtiss-Wright during the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Buying and Selling

In other news, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This represents a 7.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kevin Rayment sold 1,003 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.73, for a total value of $326,707.19. Following the completion of the sale, the chief operating officer now directly owns 25,863 shares in the company, valued at approximately $8,424,354.99. This represents a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,642 shares of company stock valued at $3,581,107. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Performance

CW traded up $6.44 during trading on Monday, reaching $416.55. 85,007 shares of the company were exchanged, compared to its average volume of 270,170. The stock has a market cap of $15.69 billion, a P/E ratio of 39.48, a PEG ratio of 2.48 and a beta of 1.04. The firm has a 50 day moving average of $335.15 and a 200 day moving average of $347.02. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 52 week low of $258.85 and a 52 week high of $417.89.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The company's revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.99 earnings per share. On average, sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be paid a $0.24 dividend. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Citigroup cut their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Truist Financial cut their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Finally, StockNews.com upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $377.43.

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.