Visualize Group LP Grows Holdings in Curtiss-Wright Corporation $CW

Visualize Group LP boosted its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 32.5% in the first quarter, Holdings Channel reports. The firm owned 40,816 shares of the aerospace company’s stock after purchasing an additional 10,014 shares during the period. Curtiss-Wright accounts for 11.4% of Visualize Group LP’s investment portfolio, making the stock its 3rd biggest holding. Visualize Group LP’s holdings in Curtiss-Wright were worth $27,801,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CW. Cary Street Partners Investment Advisory LLC acquired a new stake in Curtiss-Wright in the fourth quarter worth $31,000. Larson Financial Group LLC grew its holdings in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares during the period. Transamerica Financial Advisors LLC grew its holdings in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after buying an additional 15 shares during the period. Signature Equity Partners LLC increased its position in shares of Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after buying an additional 35 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Curtiss-Wright during the 4th quarter worth $42,000. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Citigroup lifted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $773.67.

Insider Transactions at Curtiss-Wright

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

Curtiss-Wright Trading Down 0.1%

NYSE CW opened at $749.68 on Monday. Curtiss-Wright Corporation has a 52 week low of $464.91 and a 52 week high of $808.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. The stock’s 50 day moving average price is $745.86 and its two-hundred day moving average price is $707.25. The stock has a market capitalization of $27.69 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 3.44 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. The company had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $2.82 earnings per share. As a group, analysts anticipate that Curtiss-Wright Corporation will post 15.22 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s payout ratio is 7.62%.

Curtiss-Wright Company Profile

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.