Curtiss-Wright Co. (NYSE:CW) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 9.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,890 shares of the aerospace company’s stock after acquiring an additional 3,539 shares during the period. Trexquant Investment LP owned approximately 0.11% of Curtiss-Wright worth $14,866,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CW. FMR LLC increased its position in shares of Curtiss-Wright by 27.7% in the 3rd quarter. FMR LLC now owns 160,065 shares of the aerospace company’s stock valued at $52,612,000 after acquiring an additional 34,706 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Curtiss-Wright by 9.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,266 shares of the aerospace company’s stock valued at $39,530,000 after purchasing an additional 10,385 shares during the period. Walleye Capital LLC acquired a new position in shares of Curtiss-Wright in the third quarter valued at about $275,000. Rockefeller Capital Management L.P. raised its stake in shares of Curtiss-Wright by 5.9% in the third quarter. Rockefeller Capital Management L.P. now owns 13,183 shares of the aerospace company’s stock worth $4,333,000 after purchasing an additional 735 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Curtiss-Wright by 33.7% during the third quarter. Benjamin Edwards Inc. now owns 2,192 shares of the aerospace company’s stock worth $721,000 after purchasing an additional 553 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

CW opened at $322.75 on Wednesday. The firm has a fifty day moving average price of $331.97 and a 200 day moving average price of $347.13. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The stock has a market cap of $12.15 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.96%.

Insider Activity

In other news, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares of the company’s stock, valued at $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO K Christopher Farkas sold 922 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.47, for a total transaction of $300,083.34. Following the completion of the transaction, the chief financial officer now directly owns 14,033 shares in the company, valued at $4,567,320.51. This represents a 6.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CW. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Citigroup assumed coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Finally, Truist Financial upped their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

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.