MQS Management LLC Makes New Investment in Curtiss-Wright Corporation $CW

MQS Management LLC purchased a new position in Curtiss-Wright Corporation (NYSE:CW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 869 shares of the aerospace company’s stock, valued at approximately $479,000.

A number of other large investors have also bought and sold shares of the stock. IFP Advisors Inc increased its stake in Curtiss-Wright by 2.3% in the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after purchasing an additional 16 shares during the period. Clearstead Advisors LLC increased its stake in Curtiss-Wright by 1.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 17 shares during the period. Mayflower Financial Advisors LLC increased its stake in Curtiss-Wright by 2.9% in the 4th quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 17 shares during the period. Huntington National Bank increased its stake in Curtiss-Wright by 9.5% in the 3rd quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 18 shares during the period. Finally, Larson Financial Group LLC increased its stake in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

Shares of CW stock opened at $730.37 on Friday. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 53.51, a PEG ratio of 3.39 and a beta of 0.86. The business’s fifty day moving average is $709.33 and its 200 day moving average is $646.26. Curtiss-Wright Corporation has a twelve month low of $413.35 and a twelve month high of $760.72. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last issued 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. The company had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. Research analysts expect that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio is presently 7.03%.

Insider Buying and Selling

In other Curtiss-Wright news, VP George P. Mcdonald sold 151 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total value of $102,388.57. Following the sale, the vice president directly owned 4,210 shares of the company’s stock, valued at approximately $2,854,674.70. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO K Christopher Farkas sold 918 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total value of $621,908.28. Following the completion of the sale, the chief financial officer directly owned 5,518 shares in the company, valued at $3,738,224.28. This trade represents a 14.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,961 shares of company stock valued at $4,039,279 over the last 90 days. 0.51% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Citigroup boosted their target price on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Finally, Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $746.67.

About Curtiss-Wright

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.