2,500 Shares in Curtiss-Wright Corporation $CW Acquired by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP acquired a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,500 shares of the aerospace company’s stock, valued at approximately $1,378,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright in the 4th quarter valued at $31,000. Larson Financial Group LLC grew its position in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $43,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $43,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was 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 sold 3,119 shares of company stock valued at $2,257,998 over the last three months. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $776.95 on Thursday. The stock has a fifty day simple moving average of $731.22 and a two-hundred day simple moving average of $669.64. Curtiss-Wright Corporation has a 1-year low of $458.74 and a 1-year high of $785.94. The firm has a market cap of $28.70 billion, a price-to-earnings ratio of 56.92, a price-to-earnings-growth ratio of 3.55 and a beta of 0.85. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $863.83 million. During the same period in the prior year, the company earned $2.82 earnings per share. Curtiss-Wright’s revenue was up 13.4% compared to the same quarter last year. Analysts anticipate that Curtiss-Wright Corporation will post 15.15 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, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.

Wall Street Analyst Weigh In

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

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.