Two Sigma Securities LLC Acquires New Shares in Curtiss-Wright Co. (NYSE:CW)

Two Sigma Securities LLC acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 897 shares of the aerospace company’s stock, valued at approximately $318,000.

Other hedge funds also recently modified their holdings of the company. Atomi Financial Group Inc. bought a new position in Curtiss-Wright during the 4th quarter worth $239,000. Truist Financial Corp raised its position in Curtiss-Wright by 6.2% during the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock worth $5,050,000 after purchasing an additional 825 shares during the last quarter. Athena Investment Management bought a new position in Curtiss-Wright during the 4th quarter worth $302,000. Daiwa Securities Group Inc. raised its position in Curtiss-Wright by 1,694.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company’s stock worth $4,210,000 after purchasing an additional 11,202 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Curtiss-Wright by 28.9% during the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company’s stock worth $54,519,000 after purchasing an additional 34,489 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup lowered their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Truist Financial lowered their target price on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus lowered their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $377.43.

Curtiss-Wright Stock Performance

CW stock opened at $338.42 on Tuesday. The stock has a 50-day moving average price of $318.77 and a 200-day moving average price of $344.92. Curtiss-Wright Co. has a 1-year low of $250.97 and a 1-year high of $393.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.74 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03.

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

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Insider Activity at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John C. Watts sold 622 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,797 shares of company stock valued at $7,436,255 in the last three months. Corporate insiders own 0.55% of the company’s stock.

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.