Pacer Advisors Inc. Has $2.49 Million Position in Curtiss-Wright Co. (NYSE:CW)

Pacer Advisors Inc. increased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 27.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,190 shares of the aerospace company’s stock after acquiring an additional 1,995 shares during the period. Pacer Advisors Inc.’s holdings in Curtiss-Wright were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in Curtiss-Wright during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $32,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Curtiss-Wright during the second quarter worth $73,000. 82.71% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction 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 completion of the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have bought 120 shares of company stock valued at $27,914. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird increased their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.50.

Curtiss-Wright Stock Performance

NYSE CW opened at $324.89 on Thursday. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 33.46 and a beta of 1.18. 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 Co. has a twelve month low of $190.64 and a twelve month high of $333.73. The stock has a fifty day simple moving average of $299.03 and a 200 day simple moving average of $277.23.

Curtiss-Wright (NYSE:CW) last issued its quarterly 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. 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 business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share. Sell-side analysts expect that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given 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 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.65%.

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.