Virtu Financial LLC Acquires New Position in Curtiss-Wright Co. (NYSE:CW)

Virtu Financial LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,905 shares of the aerospace company’s stock, valued at approximately $1,058,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in shares of Curtiss-Wright by 1,414.4% in the 1st quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock worth $4,105,000 after acquiring an additional 14,979 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Curtiss-Wright by 38.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock valued at $19,524,000 after purchasing an additional 21,074 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Curtiss-Wright in the second quarter valued at $41,383,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Curtiss-Wright during the 1st quarter worth $5,007,000. Finally, Cetera Advisors LLC boosted its position in shares of Curtiss-Wright by 178.7% in the 1st quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock worth $1,017,000 after buying an additional 2,548 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 120 shares of company stock worth $27,914. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $313.60 on Thursday. The company has a market cap of $12.01 billion, a P/E ratio of 32.30 and a beta of 1.18. The business has a fifty day simple moving average of $293.91 and a 200-day simple moving average of $273.99. Curtiss-Wright Co. has a 52 week low of $190.64 and a 52 week high of $318.97. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39.

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

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.65%.

Curtiss-Wright 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.