Dark Forest Capital Management LP Makes New $340,000 Investment in Curtiss-Wright Co. (NYSE:CW)

Dark Forest Capital Management LP purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,253 shares of the aerospace company’s stock, valued at approximately $340,000.

A number of other institutional investors have also modified their holdings of the company. Versant Capital Management Inc grew its stake in Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in shares of Curtiss-Wright in the second quarter valued at $30,000. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 116 shares during the period. Creekmur Asset Management LLC acquired a new position in Curtiss-Wright in the fourth quarter valued at $32,000. Finally, Daiwa Securities Group Inc. purchased a new position in Curtiss-Wright during the second quarter worth about $73,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Curtiss-Wright Stock Down 0.1 %

CW opened at $325.65 on Friday. Curtiss-Wright Co. has a 1 year low of $190.64 and a 1 year high of $333.73. The firm has a 50 day moving average price of $300.91 and a 200 day moving average price of $278.45. 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 company has a market cap of $12.47 billion, a PE ratio of 33.54 and a beta of 1.18.

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

Curtiss-Wright Dividend Announcement

The business also recently announced 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 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%.

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 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 completion of the transaction, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 120 shares of company stock worth $27,914. 0.67% of the stock is currently owned by company insiders.

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.