Seven Eight Capital LP Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

Seven Eight Capital LP bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,060 shares of the aerospace company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CW. Vanguard Personalized Indexing Management LLC lifted its holdings in Curtiss-Wright by 6.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,806 shares of the aerospace company’s stock worth $1,031,000 after acquiring an additional 214 shares during the period. Virtu Financial LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth $1,058,000. EPIQ Capital Group LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter worth about $209,000. Edgestream Partners L.P. bought a new position in Curtiss-Wright during the second quarter valued at about $1,701,000. Finally, Renaissance Technologies LLC increased its holdings in Curtiss-Wright by 71.6% during the second quarter. Renaissance Technologies LLC now owns 15,100 shares of the aerospace company’s stock worth $4,092,000 after buying an additional 6,300 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CW shares. Robert W. Baird boosted their target price 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 raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus boosted their target price on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $307.50.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $328.50 on Monday. The firm’s 50 day moving average is $296.25 and its 200 day moving average is $275.67. The stock has a market capitalization of $12.58 billion, a P/E ratio of 33.83 and a beta of 1.18. Curtiss-Wright Co. has a 12 month low of $190.64 and a 12 month high of $328.83. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) 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 firm 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 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts anticipate 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 given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend 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 company’s stock in a transaction that occurred 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 sale, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 120 shares of company stock valued at $27,914. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Company 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.