MQS Management LLC Purchases Shares of 2,587 Curtiss-Wright Co. (NYSE:CW)

MQS Management LLC purchased a new stake in Curtiss-Wright Co. (NYSE:CW) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,587 shares of the aerospace company’s stock, valued at approximately $701,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Curtiss-Wright by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after acquiring an additional 18,939 shares in the last quarter. Boston Partners increased its position in shares of Curtiss-Wright by 3.0% during the first quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock worth $356,684,000 after acquiring an additional 40,657 shares in the last quarter. Norges Bank bought a new stake in shares of Curtiss-Wright during the fourth quarter worth about $113,885,000. Global Alpha Capital Management Ltd. increased its position in shares of Curtiss-Wright by 41.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after acquiring an additional 103,780 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Curtiss-Wright by 30,079.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after acquiring an additional 301,394 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CW has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Truist Financial boosted their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Finally, Robert W. Baird boosted their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $307.50.

Curtiss-Wright Stock Down 0.6 %

CW opened at $313.60 on Thursday. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 32.30 and a beta of 1.18. Curtiss-Wright Co. has a twelve month low of $190.64 and a twelve month high of $318.97. The company’s 50-day moving average price is $293.91 and its two-hundred day moving average price is $273.99.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.15 earnings per share. As a group, equities analysts expect that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s payout ratio is 8.65%.

Insider Buying and Selling at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the company’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 transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 120 shares of company stock worth $27,914 over the last three months. 0.67% of the stock is currently owned by insiders.

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.