Quantinno Capital Management LP Has $8.71 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Quantinno Capital Management LP increased its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,531 shares of the aerospace company's stock after purchasing an additional 4,640 shares during the period. Quantinno Capital Management LP owned 0.06% of Curtiss-Wright worth $8,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $35,000. Ancora Advisors LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $49,000. UMB Bank n.a. increased its holdings in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after buying an additional 64 shares during the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in Curtiss-Wright in the fourth quarter valued at about $70,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CW shares. Citigroup lowered their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial lowered their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, StockNews.com raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $377.43.

Curtiss-Wright Stock Up 1.9%

Curtiss-Wright stock traded up $7.90 during mid-day trading on Monday, hitting $418.01. 246,602 shares of the company's stock were exchanged, compared to its average volume of 270,769. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a market cap of $15.74 billion, a P/E ratio of 39.62, a P/E/G ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a 1-year low of $258.85 and a 1-year high of $422.64. The stock has a 50 day moving average of $335.15 and a two-hundred day moving average of $347.02.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.39 by $0.43. The firm 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 12.98% and a return on equity of 17.11%. The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.99 earnings per share. As a group, analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be given 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 dividend yield of 0.23%. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Insider Activity

In related news, CFO K Christopher Farkas sold 922 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.47, for a total value of $300,083.34. Following the completion of the sale, the chief financial officer now owns 14,033 shares in the company, valued at approximately $4,567,320.51. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now owns 1,899 shares of the company's stock, valued at approximately $617,953.59. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,642 shares of company stock valued at $3,581,107. 0.55% of the stock is owned by insiders.

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.