538 Shares in Curtiss-Wright Co. (NYSE:CW) Acquired by Arlington Partners LLC

Arlington Partners LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 538 shares of the aerospace company’s stock, valued at approximately $64,000.

A number of other hedge funds have also bought and sold shares of CW. Jennison Associates LLC increased its position in Curtiss-Wright by 66.5% during the fourth quarter. Jennison Associates LLC now owns 372,675 shares of the aerospace company’s stock worth $43,361,000 after buying an additional 148,871 shares during the period. HN Saltoro Capital LP acquired a new position in Curtiss-Wright during the fourth quarter worth approximately $524,000. UBS Asset Management Americas Inc. increased its position in Curtiss-Wright by 14.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 66,894 shares of the aerospace company’s stock worth $7,783,000 after buying an additional 8,224 shares during the period. Virginia Retirement Systems ET AL increased its position in Curtiss-Wright by 256.5% during the fourth quarter. Virginia Retirement Systems ET AL now owns 8,200 shares of the aerospace company’s stock worth $954,000 after buying an additional 5,900 shares during the period. Finally, Brand Asset Management Group Inc. increased its position in Curtiss-Wright by 100.0% during the fourth quarter. Brand Asset Management Group Inc. now owns 504 shares of the aerospace company’s stock worth $59,000 after buying an additional 252 shares during the period. Hedge funds and other institutional investors own 78.67% of the company’s stock.

NYSE:CW opened at $125.10 on Friday. The firm has a market cap of $5.12 billion, a P/E ratio of 22.42 and a beta of 1.52. The company has a current ratio of 2.37, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $120.92 and its 200-day simple moving average is $112.33. Curtiss-Wright Co. has a 12-month low of $81.72 and a 12-month high of $126.84.

Curtiss-Wright (NYSE:CW) last released its earnings results on Tuesday, February 23rd. The aerospace company reported $2.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.05. The business had revenue of $668.44 million for the quarter, compared to analyst estimates of $672.07 million. Curtiss-Wright had a return on equity of 16.15% and a net margin of 9.96%. Research analysts forecast that Curtiss-Wright Co. will post 6.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 16th. Investors of record on Tuesday, March 30th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, March 29th. Curtiss-Wright’s dividend payout ratio is presently 9.35%.

Several research firms have commented on CW. Robert W. Baird lowered Curtiss-Wright from an “outperform” rating to a “neutral” rating and set a $119.00 price target on the stock. in a research report on Thursday, January 7th. Zacks Investment Research lowered Curtiss-Wright from a “hold” rating to a “sell” rating and set a $114.00 price target on the stock. in a research report on Tuesday, February 2nd.

In related news, CEO Lynn J. Bamford sold 967 shares of the company’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $113.42, for a total transaction of $109,677.14. Following the transaction, the chief executive officer now owns 12,431 shares of the company’s stock, valued at $1,409,924.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Harry Jakubowitz sold 297 shares of the company’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $113.35, for a total value of $33,664.95. Following the transaction, the vice president now directly owns 22,326 shares in the company, valued at approximately $2,530,652.10. The disclosure for this sale can be found here. Insiders have sold 27,929 shares of company stock worth $3,322,834 in the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

About Curtiss-Wright

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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