HWG Holdings LP Takes $5.73 Million Position in Curtiss-Wright Co. (NYSE:CW)

HWG Holdings LP acquired a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,147 shares of the aerospace company’s stock, valued at approximately $5,730,000. Curtiss-Wright accounts for approximately 2.1% of HWG Holdings LP’s portfolio, making the stock its 13th largest position. HWG Holdings LP owned 0.06% of Curtiss-Wright at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its position in shares of Curtiss-Wright by 5,050.0% during 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 in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC increased its stake in shares of Curtiss-Wright by 1,933.3% in the 1st 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 last quarter. Creekmur Asset Management LLC bought a new position in shares of Curtiss-Wright in the 4th quarter valued at $32,000. Finally, Quarry LP raised its holdings in shares of Curtiss-Wright by 176.9% during the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after buying an additional 161 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the business’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 value of $151,400.00. Following the transaction, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 120 shares of company stock worth $27,914 over the last ninety days. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird raised their price target 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. Finally, Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $307.50.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $325.65 on Monday. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 33.54 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $300.91 and its 200-day moving average price is $278.72. Curtiss-Wright Co. has a 12 month low of $190.64 and a 12 month high of $333.73.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.15 EPS. Equities research analysts forecast that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

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.