Squarepoint Ops LLC Buys 8,940 Shares of Curtiss-Wright Corporation $CW

Squarepoint Ops LLC increased its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 801.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,055 shares of the aerospace company’s stock after purchasing an additional 8,940 shares during the quarter. Squarepoint Ops LLC’s holdings in Curtiss-Wright were worth $4,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in Curtiss-Wright by 13.0% in the 1st quarter. Russell Investments Group Ltd. now owns 20,930 shares of the aerospace company’s stock valued at $6,641,000 after buying an additional 2,415 shares during the last quarter. Ethic Inc. raised its position in shares of Curtiss-Wright by 2.0% during the first quarter. Ethic Inc. now owns 8,150 shares of the aerospace company’s stock worth $2,628,000 after acquiring an additional 159 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of Curtiss-Wright by 12.7% during the first quarter. Aptus Capital Advisors LLC now owns 30,542 shares of the aerospace company’s stock valued at $9,690,000 after acquiring an additional 3,437 shares during the period. Wellington Management Group LLP boosted its holdings in Curtiss-Wright by 5.3% in the first quarter. Wellington Management Group LLP now owns 189,250 shares of the aerospace company’s stock valued at $60,043,000 after acquiring an additional 9,569 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Curtiss-Wright in the first quarter valued at about $3,499,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.3%

Curtiss-Wright stock opened at $547.44 on Tuesday. The firm has a market capitalization of $20.19 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 2.87 and a beta of 0.93. The company’s 50 day simple moving average is $559.58 and its 200 day simple moving average is $513.47. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $612.28.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $2.89 earnings per share. As a group, sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

Wall Street Analysts Forecast Growth

CW has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Curtiss-Wright in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Truist Financial lifted their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Finally, Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Thursday. They set a “neutral” rating and a $607.00 target price for the company. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $569.33.

About Curtiss-Wright

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.