Aventail Capital Group LP Purchases Shares of 12,421 Curtiss-Wright Corporation $CW

Aventail Capital Group LP purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,421 shares of the aerospace company’s stock, valued at approximately $6,744,000.

Other institutional investors also recently modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Curtiss-Wright by 55.5% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,966 shares of the aerospace company’s stock valued at $1,601,000 after purchasing an additional 1,059 shares during the period. California Public Employees Retirement System lifted its holdings in Curtiss-Wright by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 70,097 shares of the aerospace company’s stock worth $38,058,000 after buying an additional 1,778 shares during the period. Algert Global LLC lifted its holdings in Curtiss-Wright by 17.5% during the 3rd quarter. Algert Global LLC now owns 46,134 shares of the aerospace company’s stock worth $25,048,000 after buying an additional 6,858 shares during the period. Creative Planning grew its position in shares of Curtiss-Wright by 58.1% in the 3rd quarter. Creative Planning now owns 8,811 shares of the aerospace company’s stock valued at $4,784,000 after buying an additional 3,239 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Curtiss-Wright by 71.9% in the third quarter. Lazard Asset Management LLC now owns 131,801 shares of the aerospace company’s stock valued at $71,560,000 after buying an additional 55,122 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $654.64 on Friday. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 50.87, a PEG ratio of 3.20 and a beta of 0.91. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $730.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The stock’s 50 day moving average price is $663.82 and its two-hundred day moving average price is $585.39.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the previous year, the business posted $3.27 EPS. Curtiss-Wright’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s payout ratio is 7.46%.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 9,327 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the sale, the chief executive officer directly owned 46,192 shares in the company, valued at $28,936,978.40. This trade represents a 16.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Gary A. Ogilby sold 625 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $624.32, for a total value of $390,200.00. Following the completion of the sale, the vice president directly owned 2,571 shares of the company’s stock, valued at $1,605,126.72. The trade was a 19.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 17,269 shares of company stock valued at $10,797,098. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CW has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Citigroup boosted their price target on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Finally, Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $663.17.

Curtiss-Wright 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.