Empowered Funds LLC Has $10.46 Million Stock Holdings in Curtiss-Wright Corporation $CW

Empowered Funds LLC grew its holdings in Curtiss-Wright Corporation (NYSE:CW) by 13.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,360 shares of the aerospace company’s stock after purchasing an additional 1,789 shares during the period. Empowered Funds LLC’s holdings in Curtiss-Wright were worth $10,462,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CW. KCM Investment Advisors LLC lifted its position in shares of Curtiss-Wright by 1.5% during the 1st quarter. KCM Investment Advisors LLC now owns 10,445 shares of the aerospace company’s stock worth $7,114,000 after buying an additional 157 shares during the last quarter. Quantinno Capital Management LP grew its position in Curtiss-Wright by 23.8% in the first quarter. Quantinno Capital Management LP now owns 163,178 shares of the aerospace company’s stock valued at $111,144,000 after acquiring an additional 31,372 shares during the last quarter. Gateway Wealth Partners LLC bought a new position in Curtiss-Wright in the first quarter valued at about $512,000. Visualize Group LP raised its stake in Curtiss-Wright by 32.5% during the first quarter. Visualize Group LP now owns 40,816 shares of the aerospace company’s stock worth $27,801,000 after acquiring an additional 10,014 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Curtiss-Wright during the first quarter worth about $4,151,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Citigroup boosted their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $773.67.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $716.25 on Friday. The stock has a 50-day moving average price of $745.86 and a two-hundred day moving average price of $710.81. Curtiss-Wright Corporation has a 12 month low of $464.91 and a 12 month high of $808.16. The company has a market capitalization of $26.46 billion, a PE ratio of 52.47, a P/E/G ratio of 3.11 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.

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. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same period in the previous year, the business posted $2.82 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Analysts expect that Curtiss-Wright Corporation will post 15.22 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a dividend of $0.24 per share. The ex-dividend date was Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

Insider Buying and Selling

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the sale, the executive vice president directly owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock worth $2,257,998 in the last ninety days. Company insiders own 0.51% of the company’s stock.

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.