Curtiss-Wright Co. (NYSE:CW) Shares Bought by Park Place Capital Corp

Park Place Capital Corp raised its stake in Curtiss-Wright Co. (NYSE:CW) by 4,083.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251 shares of the aerospace company’s stock after purchasing an additional 245 shares during the period. Park Place Capital Corp’s holdings in Curtiss-Wright were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CW. Sequoia Financial Advisors LLC raised its position in shares of Curtiss-Wright by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock worth $687,000 after acquiring an additional 45 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Curtiss-Wright by 4.5% during the 2nd quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock worth $289,000 after acquiring an additional 46 shares in the last quarter. Dorsey Wright & Associates raised its position in shares of Curtiss-Wright by 0.4% during the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after acquiring an additional 47 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Curtiss-Wright by 2.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock worth $557,000 after acquiring an additional 53 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Curtiss-Wright by 3.5% during the 2nd quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company’s stock worth $592,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 1.0 %

Shares of CW stock opened at $338.37 on Wednesday. The business’s 50 day moving average is $308.58 and its two-hundred day moving average is $283.22. Curtiss-Wright Co. has a twelve month low of $194.26 and a twelve month high of $342.23. The company has a market capitalization of $12.96 billion, a P/E ratio of 34.85 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The company had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same period last year, the business posted $2.15 EPS. The company’s revenue was up 11.4% on a year-over-year basis. Equities analysts forecast that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Analyst Ratings Changes

Several research analysts have commented on the company. Robert W. Baird lifted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $307.50.

Insider Activity at Curtiss-Wright

In related 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.67% of the company’s stock.

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.