Xponance Inc. Has $1.39 Million Stake in Curtiss-Wright Corporation (NYSE:CW)

Xponance Inc. boosted its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,381 shares of the aerospace company’s stock after acquiring an additional 61 shares during the period. Xponance Inc.’s holdings in Curtiss-Wright were worth $1,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CW. Norges Bank bought a new position in shares of Curtiss-Wright during the 4th quarter worth about $201,856,000. GAMMA Investing LLC increased its holdings in shares of Curtiss-Wright by 44,878.7% during the 1st quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company’s stock worth $82,340,000 after purchasing an additional 258,950 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Curtiss-Wright during the 1st quarter worth about $55,639,000. TD Asset Management Inc. increased its holdings in shares of Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after purchasing an additional 107,115 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Curtiss-Wright by 23.3% during the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock worth $175,417,000 after purchasing an additional 104,393 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $480.42 on Wednesday. The stock has a market cap of $18.09 billion, a P/E ratio of 42.74, a PEG ratio of 3.07 and a beta of 1.15. The company’s 50-day simple moving average is $451.11 and its 200 day simple moving average is $374.88. Curtiss-Wright Corporation has a twelve month low of $258.85 and a twelve month high of $493.95. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share 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 analysts’ expectations of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.99 earnings per share. As a group, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.20%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright’s dividend payout ratio is currently 8.54%.

Analyst Upgrades and Downgrades

CW has been the topic of several research reports. Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Truist Financial dropped their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a report on Friday, July 11th. Stifel Nicolaus dropped their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Wall Street Zen upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Citigroup upped their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $424.86.

Insiders Place Their Bets

In other news, Director Bruce D. Hoechner sold 1,900 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John C. Watts sold 450 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president owned 4,959 shares in the company, valued at $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,130 shares of company stock valued at $2,726,412. 0.55% of the stock is currently owned by insiders.

About Curtiss-Wright

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.