SG Americas Securities LLC Acquires 97,015 Shares of Curtiss-Wright Corporation $CW

SG Americas Securities LLC lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 373.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 123,018 shares of the aerospace company’s stock after buying an additional 97,015 shares during the period. SG Americas Securities LLC’s holdings in Curtiss-Wright were worth $83,790,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $31,000. Larson Financial Group LLC boosted its position in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Curtiss-Wright in the fourth quarter valued at approximately $42,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $43,000. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the sale, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the transaction, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock worth $2,257,998 over the last ninety days. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CW shares. Citigroup upped their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $746.67.

Curtiss-Wright Stock Performance

CW opened at $784.62 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12-month low of $462.59 and a 12-month high of $800.00. The business has a 50 day moving average of $735.11 and a 200-day moving average of $674.50. The stock has a market cap of $28.98 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 3.58 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same period in the previous year, the firm earned $2.82 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts expect that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.62%.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.