AQR Capital Management LLC Purchases 58,036 Shares of Curtiss-Wright Co. (NYSE:CW)

AQR Capital Management LLC boosted its position in Curtiss-Wright Co. (NYSE:CW) by 39.4% during the second quarter, HoldingsChannel.com reports. The fund owned 205,440 shares of the aerospace company’s stock after buying an additional 58,036 shares during the quarter. AQR Capital Management LLC’s holdings in Curtiss-Wright were worth $55,670,000 at the end of the most recent reporting period.

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

Insider Transactions 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 120 shares of company stock worth $27,914 over the last ninety days. 0.67% of the stock is owned by insiders.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $325.52 on Friday. The business has a 50 day moving average of $300.91 and a 200-day moving average of $278.18. The company has a market capitalization of $12.47 billion, a P/E ratio of 33.52 and a beta of 1.18. Curtiss-Wright Co. has a 1 year low of $190.64 and a 1 year high of $333.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42.

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

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.21 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright’s payout ratio is 8.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CW shares. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Robert W. Baird boosted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $307.50.

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.