AlphaQuest LLC Sells 2,747 Shares of Curtiss-Wright Corporation $CW

AlphaQuest LLC cut its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 86.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 414 shares of the aerospace company’s stock after selling 2,747 shares during the quarter. AlphaQuest LLC’s holdings in Curtiss-Wright were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after purchasing an additional 20,379 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Curtiss-Wright in the second quarter worth $235,000. Callan Family Office LLC bought a new stake in Curtiss-Wright in the second quarter valued at $302,000. Vanguard Personalized Indexing Management LLC increased its position in Curtiss-Wright by 20.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,188 shares of the aerospace company’s stock valued at $2,535,000 after purchasing an additional 891 shares during the period. Finally, CWM LLC increased its position in Curtiss-Wright by 172.8% during the 2nd quarter. CWM LLC now owns 5,207 shares of the aerospace company’s stock valued at $2,544,000 after purchasing an additional 3,298 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

Shares of CW opened at $645.86 on Wednesday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $683.09. The company has a market capitalization of $23.82 billion, a P/E ratio of 52.64, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The firm has a 50 day moving average of $600.37 and a 200 day moving average of $553.37. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.82%.

Insider Buying and Selling

In other Curtiss-Wright news, VP Gary A. Ogilby sold 625 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the completion of the transaction, the vice president owned 2,571 shares of the company’s stock, valued at approximately $1,605,126.72. The trade was a 19.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert F. Freda sold 418 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.95, for a total transaction of $262,065.10. Following the transaction, the vice president owned 5,187 shares in the company, valued at $3,251,989.65. This represents a 7.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,269 shares of company stock worth $10,797,098 in the last three months. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Truist Financial set a $603.00 target price on Curtiss-Wright in a research report on Friday, January 9th. Citigroup lifted their price target on Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a report on Tuesday, December 16th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $612.33.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.