Themes Management Co LLC Takes $607,000 Position in Curtiss-Wright Corporation $CW

Themes Management Co LLC purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,101 shares of the aerospace company’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in Curtiss-Wright during the 3rd quarter worth $26,000. Larson Financial Group LLC increased its stake in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after buying an additional 21 shares during the period. Elyxium Wealth LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth $43,000. Sunbelt Securities Inc. purchased a new stake in Curtiss-Wright during the 3rd quarter worth $43,000. Finally, V Square Quantitative Management LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other news, COO Kevin Rayment sold 907 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the completion of the sale, the chief operating officer owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO K Christopher Farkas sold 918 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total transaction of $621,908.28. Following the completion of the transaction, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at $3,738,224.28. This trade represents a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 5,961 shares of company stock worth $4,039,279. 0.51% of the stock is currently owned by insiders.

Curtiss-Wright Price Performance

CW opened at $730.37 on Tuesday. The company has a 50-day moving average of $710.33 and a 200-day moving average of $647.59. The company has a market capitalization of $26.98 billion, a P/E ratio of 53.51, a PEG ratio of 3.39 and a beta of 0.86. Curtiss-Wright Corporation has a 1-year low of $413.35 and a 1-year high of $760.72. 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 (NYSE:CW) last released its 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 during the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 EPS. Equities analysts expect that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business 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 $0.24 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is presently 7.03%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CW shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Citigroup lifted their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.