BW Gestao de Investimentos Ltda. Increases Stock Holdings in Curtiss-Wright Corporation $CW

BW Gestao de Investimentos Ltda. grew its holdings in Curtiss-Wright Corporation (NYSE:CW) by 57.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,000 shares of the aerospace company’s stock after purchasing an additional 4,400 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Curtiss-Wright were worth $6,515,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

CW has been the topic of a number of recent analyst reports. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday, January 9th. Citigroup raised 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $663.17.

Curtiss-Wright Trading Up 3.6%

Shares of CW stock opened at $706.33 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market cap of $26.04 billion, a price-to-earnings ratio of 54.88, a price-to-earnings-growth ratio of 3.32 and a beta of 0.91. The firm’s 50 day moving average price is $653.87 and its two-hundred day moving average price is $580.50. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $730.12.

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

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given 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 payout ratio is presently 7.46%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP Gary A. Ogilby sold 625 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were 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 directly owned 2,571 shares of the company’s stock, valued at $1,605,126.72. This represents a 19.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 9,327 shares of the stock in a transaction dated 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 directly owned 46,192 shares of the company’s stock, valued at $28,936,978.40. This represents a 16.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,269 shares of company stock worth $10,797,098 over the last three months. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Profile

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.