Advisory Alpha LLC Buys Shares of 814 Curtiss-Wright Corporation $CW

Advisory Alpha LLC purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 814 shares of the aerospace company’s stock, valued at approximately $437,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $270,731,000. Norges Bank bought a new stake in Curtiss-Wright during the 2nd quarter worth approximately $241,537,000. Munro Partners acquired a new stake in Curtiss-Wright during the 2nd quarter worth approximately $78,000,000. AQR Capital Management LLC lifted its stake in Curtiss-Wright by 45.8% in the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after buying an additional 122,048 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Curtiss-Wright by 21.0% in the second quarter. American Century Companies Inc. now owns 340,007 shares of the aerospace company’s stock valued at $166,110,000 after buying an additional 59,003 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CW. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Citigroup increased their price target on Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $681.58 on Friday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $730.12. The company has a 50-day simple moving average of $650.99 and a two-hundred day simple moving average of $577.56. The stock has a market capitalization of $25.13 billion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 3.31 and a beta of 0.91. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. During the same period in the previous year, the business earned $3.27 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is 7.46%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 2,634 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the sale, the chief operating officer owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 9,327 shares of Curtiss-Wright stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the transaction, the chief executive officer owned 46,192 shares in the company, valued at approximately $28,936,978.40. The trade was a 16.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,269 shares of company stock worth $10,797,098 in the last three months. Company insiders own 0.55% of the company’s stock.

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.