Curtiss-Wright Corporation $CW Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Curtiss-Wright Corporation (NYSE:CW) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,472 shares of the aerospace company’s stock after purchasing an additional 6,275 shares during the quarter. BNP Paribas Financial Markets’ holdings in Curtiss-Wright were worth $17,350,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright in the 3rd quarter valued at $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth $31,000. Larson Financial Group LLC increased its stake in shares of Curtiss-Wright by 53.8% in 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. Elyxium Wealth LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth $43,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth $43,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CW. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Finally, Citigroup raised their target price on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $746.67.

Curtiss-Wright Stock Performance

NYSE CW opened at $734.28 on Friday. The stock has a market cap of $27.12 billion, a PE ratio of 53.79, a P/E/G ratio of 3.40 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 Corporation has a twelve month low of $443.00 and a twelve month high of $760.72. The stock has a fifty day simple moving average of $719.93 and a 200-day simple moving average of $657.51.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. The business had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 EPS. Equities analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s payout ratio is presently 7.03%.

Insider Buying and Selling

In related news, CFO K Christopher Farkas sold 918 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total value of $621,908.28. Following the sale, the chief financial officer owned 5,518 shares in the company, valued at approximately $3,738,224.28. The trade was a 14.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gary A. Ogilby sold 252 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total value of $173,663.28. Following the completion of the sale, the vice president owned 2,571 shares in the company, valued at $1,771,778.94. This represents a 8.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,181 shares of company stock valued at $4,204,919 over the last quarter. 0.51% of the stock is owned by corporate insiders.

About Curtiss-Wright

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.