Catalyst Funds Management Pty Ltd Buys 3,132 Shares of Curtiss-Wright Corporation $CW

Catalyst Funds Management Pty Ltd increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 72.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,432 shares of the aerospace company’s stock after purchasing an additional 3,132 shares during the period. Curtiss-Wright makes up 0.9% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 14th biggest holding. Catalyst Funds Management Pty Ltd’s holdings in Curtiss-Wright were worth $4,097,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Atlantic Union Bankshares Corp bought a new position in Curtiss-Wright in the third quarter valued at about $26,000. Larson Financial Group LLC grew its position in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 21 shares during the last quarter. Elyxium Wealth LLC bought a new position in Curtiss-Wright in the fourth quarter valued at about $43,000. Sunbelt Securities Inc. bought a new position in Curtiss-Wright in the third quarter valued at about $43,000. Finally, V Square Quantitative Management LLC bought a new position in Curtiss-Wright in the fourth quarter valued at about $45,000. Institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other news, COO Kevin Rayment sold 907 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total transaction of $614,383.66. Following the sale, the chief operating officer directly owned 31,493 shares in the company, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 151 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total value of $102,388.57. Following the sale, the vice president owned 4,210 shares in the company, valued at approximately $2,854,674.70. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 5,961 shares of company stock valued at $4,039,279. Corporate insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Citigroup lifted their target price on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $746.67.

Curtiss-Wright Stock Performance

NYSE:CW opened at $730.37 on Friday. The stock has a market cap of $26.98 billion, a P/E ratio of 53.51, a price-to-earnings-growth ratio of 3.39 and a beta of 0.86. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average is $709.33 and its 200-day moving average is $646.26. Curtiss-Wright Corporation has a 1-year low of $413.35 and a 1-year high of $760.72.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 earnings per share. Equities research analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is 7.03%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.