QRG Capital Management Inc. Has $420,000 Stock Position in Curtiss-Wright Corporation $CW

QRG Capital Management Inc. grew its position in Curtiss-Wright Corporation (NYSE:CW) by 19.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 859 shares of the aerospace company’s stock after buying an additional 139 shares during the period. QRG Capital Management Inc.’s holdings in Curtiss-Wright were worth $420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ascent Group LLC grew its holdings in shares of Curtiss-Wright by 12.1% in the 2nd quarter. Ascent Group LLC now owns 824 shares of the aerospace company’s stock valued at $403,000 after buying an additional 89 shares during the period. New Century Financial Group LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $206,000. Hilltop National Bank acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $244,000. Pure Financial Advisors LLC acquired a new position in Curtiss-Wright in the 2nd quarter worth $259,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Curtiss-Wright by 0.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company’s stock worth $2,188,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CW. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Morgan Stanley upped their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Truist Financial reduced their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research note on Friday, July 11th. Finally, Citigroup upped their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $492.86.

Curtiss-Wright Trading Down 2.8%

Curtiss-Wright stock opened at $539.07 on Friday. The firm has a 50-day moving average of $504.92 and a 200-day moving average of $444.71. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $561.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The company has a market cap of $20.31 billion, a price-to-earnings ratio of 45.49, a P/E/G ratio of 3.39 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same period in the prior year, the business posted $2.67 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s dividend payout ratio is currently 8.10%.

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.