Paradoxiom Capital L.P. Invests $5.43 Million in Curtiss-Wright Co. (NYSE:CW)

Paradoxiom Capital L.P. bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,308 shares of the aerospace company’s stock, valued at approximately $5,432,000. Curtiss-Wright accounts for approximately 2.2% of Paradoxiom Capital L.P.’s portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after buying an additional 15,890 shares in the last quarter. Invesco Ltd. boosted its position in shares of Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock valued at $503,009,000 after purchasing an additional 84,635 shares in the last quarter. TD Asset Management Inc. raised its stake in 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 buying an additional 107,115 shares during the period. Geode Capital Management LLC raised its stake in Curtiss-Wright by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after buying an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Curtiss-Wright by 1.2% during the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock worth $210,199,000 after buying an additional 6,971 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CW. Truist Financial lowered their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Citigroup reduced their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a report on Thursday, April 10th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Stifel Nicolaus reduced their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $377.43.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $395.27 on Wednesday. Curtiss-Wright Co. has a one year low of $258.85 and a one year high of $399.25. The business has a fifty day moving average price of $329.39 and a 200-day moving average price of $345.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The firm has a market capitalization of $14.89 billion, a P/E ratio of 37.47, a PEG ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same period last year, the company earned $1.99 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the sale, the chief financial officer now owns 9,253 shares of the company’s stock, valued at $3,238,550. The trade was a 34.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,642 shares of company stock valued at $3,581,107. Company insiders own 0.55% of the company’s stock.

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.