EPIQ Capital Group LLC Acquires New Shares in Curtiss-Wright Co. (NYSE:CW)

EPIQ Capital Group LLC bought a new position in Curtiss-Wright Co. (NYSE:CW) in the second quarter, HoldingsChannel reports. The fund bought 769 shares of the aerospace company’s stock, valued at approximately $209,000.

Several other large investors have also recently bought and sold shares of CW. Versant Capital Management Inc lifted its holdings in 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 buying an additional 101 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in shares of Curtiss-Wright in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 116 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $32,000. Finally, Sachetta LLC acquired a new stake in Curtiss-Wright during the 4th quarter valued at approximately $45,000. 82.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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. Truist Financial upped their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 12th. Stifel Nicolaus upped their target price on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Morgan Stanley raised their target price on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Buy” and an average price target of $307.50.

Insider Buying and Selling

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction 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 directly owns 1,382 shares of the company’s stock, valued at $418,469.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 120 shares of company stock worth $27,914 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $312.39 on Tuesday. The firm has a market capitalization of $11.96 billion, a P/E ratio of 32.17 and a beta of 1.18. The firm’s 50-day moving average price is $293.09 and its 200-day moving average price is $273.44. 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 Co. has a 1-year low of $190.64 and a 1-year high of $318.20.

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

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

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.