Gideon Capital Advisors Inc. Invests $299,000 in Curtiss-Wright Corp. (CW)

Gideon Capital Advisors Inc. bought a new stake in shares of Curtiss-Wright Corp. (NYSE:CW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,925 shares of the aerospace company’s stock, valued at approximately $299,000.

Several other institutional investors have also made changes to their positions in CW. BlackRock Inc. grew its holdings in Curtiss-Wright by 5.0% during the 3rd quarter. BlackRock Inc. now owns 5,395,872 shares of the aerospace company’s stock valued at $741,500,000 after buying an additional 259,350 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Curtiss-Wright by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,546,418 shares of the aerospace company’s stock valued at $487,349,000 after acquiring an additional 23,821 shares during the period. Vanguard Group Inc boosted its holdings in Curtiss-Wright by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 3,546,418 shares of the aerospace company’s stock valued at $487,349,000 after acquiring an additional 23,821 shares during the period. AQR Capital Management LLC boosted its holdings in Curtiss-Wright by 47.5% during the 3rd quarter. AQR Capital Management LLC now owns 1,506,235 shares of the aerospace company’s stock valued at $206,987,000 after acquiring an additional 485,253 shares during the period. Finally, Primecap Management Co. CA boosted its holdings in Curtiss-Wright by 6.7% during the 3rd quarter. Primecap Management Co. CA now owns 1,303,000 shares of the aerospace company’s stock valued at $179,058,000 after acquiring an additional 82,200 shares during the period. Institutional investors own 74.06% of the company’s stock.

In other news, Director S Marce Fuller sold 1,250 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $121.07, for a total value of $151,337.50. Following the completion of the transaction, the director now directly owns 11,222 shares of the company’s stock, valued at approximately $1,358,647.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Charles Adams sold 7,000 shares of the business’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $111.00, for a total value of $777,000.00. Following the completion of the transaction, the chief executive officer now directly owns 75,164 shares of the company’s stock, valued at $8,343,204. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,681 shares of company stock valued at $3,542,880. Corporate insiders own 0.87% of the company’s stock.



Separately, Zacks Investment Research upgraded Curtiss-Wright from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a report on Monday, December 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $132.14.

Shares of NYSE CW opened at $114.63 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.96 and a quick ratio of 1.34. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.36 and a beta of 1.28. Curtiss-Wright Corp. has a twelve month low of $95.23 and a twelve month high of $143.38.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Tuesday, February 26th. The aerospace company reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.15. The business had revenue of $648.62 million during the quarter, compared to analyst estimates of $688.52 million. Curtiss-Wright had a return on equity of 17.91% and a net margin of 11.43%. Curtiss-Wright’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. Research analysts expect that Curtiss-Wright Corp. will post 6.92 earnings per share for the current fiscal year.

Curtiss-Wright declared that its board has approved a stock buyback program on Wednesday, December 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the aerospace company to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, March 27th. Curtiss-Wright’s payout ratio is 9.42%.

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Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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