AlphaQuest LLC Sells 2,747 Shares of Curtiss-Wright Corporation $CW

AlphaQuest LLC reduced its position in Curtiss-Wright Corporation (NYSE:CW) by 86.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 414 shares of the aerospace company’s stock after selling 2,747 shares during the period. AlphaQuest LLC’s holdings in Curtiss-Wright were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Miracle Mile Advisors LLC boosted its position in Curtiss-Wright by 1.8% in the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock worth $554,000 after purchasing an additional 18 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Curtiss-Wright by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock valued at $746,000 after buying an additional 22 shares during the period. State of New Jersey Common Pension Fund D grew its position in Curtiss-Wright by 0.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock valued at $5,840,000 after buying an additional 30 shares during the period. Cadinha & Co. LLC increased its holdings in Curtiss-Wright by 1.3% during the third quarter. Cadinha & Co. LLC now owns 2,368 shares of the aerospace company’s stock valued at $1,286,000 after buying an additional 30 shares during the last quarter. Finally, Huntington National Bank raised its position in Curtiss-Wright by 20.3% in the second quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock worth $93,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Stifel Nicolaus set a $625.00 target price on Curtiss-Wright in a research report on Friday, January 23rd. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Finally, Truist Financial set a $603.00 price objective on Curtiss-Wright in a research report on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $612.33.

Curtiss-Wright Stock Performance

CW opened at $645.86 on Wednesday. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 2.98 and a beta of 0.93. The company has a fifty day moving average of $600.37 and a 200 day moving average of $553.37. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $683.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 9,327 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the transaction, the chief executive officer owned 46,192 shares in the company, valued at $28,936,978.40. This trade represents a 16.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Gary A. Ogilby sold 625 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, February 5th. The stock was 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 in the company, valued at approximately $1,605,126.72. The trade was a 19.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 17,269 shares of company stock valued at $10,797,098. 0.55% of the stock is owned by insiders.

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.