Radnor Capital Management LLC Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

Radnor Capital Management LLC bought a new stake in shares of Curtiss-Wright Co. (NYSE:CW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,141 shares of the aerospace company’s stock, valued at approximately $2,347,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after purchasing an additional 18,939 shares during the last quarter. Boston Partners raised its holdings in Curtiss-Wright by 3.0% in the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after buying an additional 40,657 shares during the period. Congress Asset Management Co. raised its holdings in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after buying an additional 265,205 shares during the period. International Assets Investment Management LLC raised its holdings in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after buying an additional 403,701 shares during the period. Finally, Global Alpha Capital Management Ltd. raised its holdings in Curtiss-Wright by 41.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after buying an additional 103,780 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 3.0 %

CW opened at $360.41 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.68 billion, a P/E ratio of 34.10 and a beta of 1.17. Curtiss-Wright Co. has a 52 week low of $203.22 and a 52 week high of $371.04. The business’s fifty day simple moving average is $331.53 and its 200 day simple moving average is $297.08.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $2.15 EPS. As a group, equities research analysts anticipate that Curtiss-Wright Co. will post 10.66 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP John C. Watts sold 412 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CW shares. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird upped their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus upped their price target on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $362.60.

About Curtiss-Wright

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.