Prospector Partners LLC Has $23.70 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Prospector Partners LLC trimmed its position in Curtiss-Wright Co. (NYSE:CW) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,449 shares of the aerospace company’s stock after selling 7,155 shares during the quarter. Curtiss-Wright accounts for approximately 2.6% of Prospector Partners LLC’s holdings, making the stock its 5th biggest holding. Prospector Partners LLC owned about 0.23% of Curtiss-Wright worth $23,697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in 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 buying an additional 14,979 shares during the period. Allspring Global Investments Holdings LLC lifted its stake 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 worth $19,524,000 after acquiring an additional 21,074 shares during the period. Assenagon Asset Management S.A. bought a new stake in Curtiss-Wright in the second quarter valued at $41,383,000. Susquehanna Fundamental Investments LLC purchased a new position in Curtiss-Wright during the 1st quarter valued at $5,007,000. Finally, Cetera Advisors LLC raised its holdings in 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 purchasing an additional 2,548 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction dated 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 sale, the director now directly 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 the SEC website. Insiders purchased a total of 120 shares of company stock valued at $27,914 in the last quarter. 0.67% of the stock is owned by insiders.

Curtiss-Wright Trading Up 3.3 %

NYSE:CW opened at $328.50 on Friday. Curtiss-Wright Co. has a one year low of $190.64 and a one year high of $328.83. The company’s 50-day simple moving average is $296.25 and its 200 day simple moving average is $275.43. The firm has a market capitalization of $12.58 billion, a P/E ratio of 33.83 and a beta of 1.18. 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 posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping 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 company had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same quarter in the prior year, the business posted $2.15 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts forecast that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 12th. Finally, Robert W. Baird raised their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “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.