Kapitalo Investimentos Ltda Grows Position in Curtiss-Wright Co. (NYSE:CW)

Kapitalo Investimentos Ltda grew its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 38.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,346 shares of the aerospace company’s stock after purchasing an additional 653 shares during the period. Kapitalo Investimentos Ltda’s holdings in Curtiss-Wright were worth $523,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Contravisory Investment Management Inc. acquired a new position in Curtiss-Wright during the fourth quarter worth about $25,000. Creekmur Asset Management LLC purchased a new position in Curtiss-Wright during the fourth quarter worth about $32,000. Venturi Wealth Management LLC boosted its position in shares of Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 52 shares during the last quarter. Sachetta LLC acquired a new position in Curtiss-Wright during the fourth quarter worth approximately $45,000. Finally, Orion Capital Management LLC acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.4 %

NYSE:CW traded up $1.10 during mid-day trading on Tuesday, reaching $271.98. The stock had a trading volume of 12,043 shares, compared to its average volume of 191,641. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. Curtiss-Wright Co. has a 1-year low of $171.30 and a 1-year high of $286.65. The stock’s 50 day simple moving average is $267.64 and its two-hundred day simple moving average is $243.97. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 27.90 and a beta of 1.22.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $664.01 million. During the same period in the prior year, the firm earned $1.53 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts anticipate that Curtiss-Wright Co. will post 10.27 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.21 per share. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 17th. This represents a $0.84 annualized dividend and a yield of 0.31%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.24%.

Insiders Place Their Bets

In other news, Director S Marce Fuller sold 5,300 shares of Curtiss-Wright stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the transaction, the director now directly owns 25,770 shares in the company, valued at approximately $7,242,400.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, the chief operating officer now owns 19,914 shares of the company’s stock, valued at $5,609,176.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Marce Fuller sold 5,300 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the sale, the director now directly owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,215 shares of company stock worth $4,484,765. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CW. Truist Financial lifted their price objective on Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 5th. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Robert W. Baird upped their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Morgan Stanley raised their price objective on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $302.50.

Curtiss-Wright Company Profile

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.