North Dakota State Investment Board Buys New Shares in Curtiss-Wright Corporation $CW

North Dakota State Investment Board bought a new stake in Curtiss-Wright Corporation (NYSE:CW) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,323 shares of the aerospace company’s stock, valued at approximately $729,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after purchasing an additional 16,962 shares during the period. TD Asset Management Inc boosted its holdings in Curtiss-Wright by 0.3% in the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock valued at $429,754,000 after purchasing an additional 2,153 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Curtiss-Wright by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after buying an additional 39,515 shares in the last quarter. Van ECK Associates Corp raised its stake in Curtiss-Wright by 5.3% in the third quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after buying an additional 37,069 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Curtiss-Wright by 25.5% in the third quarter. AQR Capital Management LLC now owns 487,675 shares of the aerospace company’s stock valued at $262,828,000 after buying an additional 99,182 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 2.9%

CW opened at $725.23 on Thursday. The business’s 50-day simple moving average is $708.07 and its 200-day simple moving average is $644.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a one year low of $412.92 and a one year high of $760.72. The stock has a market capitalization of $26.79 billion, a P/E ratio of 53.13, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86.

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

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling at Curtiss-Wright

In other news, COO Kevin Rayment sold 907 shares of Curtiss-Wright 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 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 Securities & Exchange Commission, which is accessible through this link. Also, CFO K Christopher Farkas sold 918 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total value of $621,908.28. Following the sale, the chief financial officer owned 5,518 shares in the company, valued at $3,738,224.28. This trade represents a 14.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,961 shares of company stock valued at $4,039,279. 0.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Citigroup raised their price target on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley restated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Finally, Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $746.67.

Curtiss-Wright 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.