Tsfg LLC Boosts Stock Position in Curtiss-Wright Co. (NYSE:CW)

Tsfg LLC boosted its position in Curtiss-Wright Co. (NYSE:CW) by 191.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102 shares of the aerospace company’s stock after purchasing an additional 67 shares during the quarter. Tsfg LLC’s holdings in Curtiss-Wright were worth $34,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Curtiss-Wright by 18.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 247,225 shares of the aerospace company’s stock worth $55,079,000 after purchasing an additional 38,986 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Curtiss-Wright by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,638,915 shares of the aerospace company’s stock worth $810,714,000 after acquiring an additional 46,954 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in Curtiss-Wright by 3.9% in the fourth quarter. Quadrature Capital Ltd now owns 4,407 shares of the aerospace company’s stock worth $982,000 after acquiring an additional 167 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in shares of Curtiss-Wright during the first quarter worth about $297,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Curtiss-Wright by 0.7% during the first quarter. Los Angeles Capital Management LLC now owns 38,117 shares of the aerospace company’s stock valued at $9,756,000 after acquiring an additional 261 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

CW opened at $360.68 on Thursday. The firm has a 50 day moving average of $317.08 and a two-hundred day moving average of $286.99. The firm has a market capitalization of $13.81 billion, a PE ratio of 37.15 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12-month low of $194.46 and a 12-month high of $360.96.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.15 earnings per share. On average, analysts anticipate that Curtiss-Wright Co. will post 10.56 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CW. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $318.25.

Curtiss-Wright Company Profile

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.