SG Americas Securities LLC Acquires 22,903 Shares of Curtiss-Wright Corporation $CW

SG Americas Securities LLC raised its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 738.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,003 shares of the aerospace company’s stock after acquiring an additional 22,903 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of Curtiss-Wright worth $14,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after purchasing an additional 20,379 shares during the period. Sivia Capital Partners LLC bought a new stake in Curtiss-Wright during the second quarter valued at about $235,000. Global Retirement Partners LLC bought a new stake in Curtiss-Wright during the second quarter valued at about $313,000. CreativeOne Wealth LLC purchased a new stake in Curtiss-Wright in the second quarter worth about $236,000. Finally, Steward Partners Investment Advisory LLC increased its position in Curtiss-Wright by 388.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 5,373 shares of the aerospace company’s stock worth $2,625,000 after buying an additional 4,273 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.4%

Shares of CW stock opened at $663.40 on Friday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $730.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $677.18 and its two-hundred day simple moving average is $599.52. The company has a market cap of $24.46 billion, a PE ratio of 51.55, a price-to-earnings-growth ratio of 3.23 and a beta of 0.91.

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

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid a dividend of $0.24 per share. 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 presently 7.46%.

Analyst Ratings Changes

Several analysts have recently commented on CW shares. 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 Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research report on Friday, February 13th. 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. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday, January 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 652 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total transaction of $407,871.64. Following the transaction, the executive vice president owned 3,890 shares in the company, valued at $2,433,467.30. The trade was a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO K Christopher Farkas sold 2,665 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the sale, the chief financial officer directly owned 7,358 shares in the company, valued at approximately $4,608,536.14. This represents a 26.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 23,112 shares of company stock valued at $14,768,527 over the last three months. Corporate insiders own 0.55% of the company’s stock.

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.