XTX Topco Ltd Increases Holdings in Curtiss-Wright Co. (NYSE:CW)

XTX Topco Ltd raised its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 18.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,008 shares of the aerospace company’s stock after buying an additional 159 shares during the quarter. XTX Topco Ltd’s holdings in Curtiss-Wright were worth $273,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CW. Janney Montgomery Scott LLC raised its stake in shares of Curtiss-Wright by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock worth $512,000 after purchasing an additional 288 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Curtiss-Wright by 60.6% in the fourth quarter. Franklin Resources Inc. now owns 31,214 shares of the aerospace company’s stock worth $6,954,000 after purchasing an additional 11,773 shares during the last quarter. US Bancorp DE raised its stake in shares of Curtiss-Wright by 4.9% in the fourth quarter. US Bancorp DE now owns 5,406 shares of the aerospace company’s stock worth $1,204,000 after purchasing an additional 253 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Curtiss-Wright by 51.3% in the fourth quarter. Hsbc Holdings PLC now owns 4,585 shares of the aerospace company’s stock worth $1,023,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Curtiss-Wright by 18.1% during the fourth quarter. Stifel Financial Corp now owns 55,748 shares of the aerospace company’s stock valued at $12,420,000 after acquiring an additional 8,547 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $325.52 on Friday. The stock has a 50-day simple moving average of $300.91 and a two-hundred day simple moving average of $278.18. Curtiss-Wright Co. has a 52-week low of $190.64 and a 52-week high of $333.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The firm has a market capitalization of $12.47 billion, a PE ratio of 33.52 and a beta of 1.18.

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. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the previous year, the company posted $2.15 earnings per share. Curtiss-Wright’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts forecast that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Insider Transactions at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the 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 owns 1,382 shares in the company, valued at $418,469.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 120 shares of company stock valued at $27,914 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CW shares. Robert W. Baird upped their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Stifel Nicolaus upped their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $307.50.

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.