Atika Capital Management LLC Buys 3,118 Shares of Curtiss-Wright Corporation $CW

Atika Capital Management LLC boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 31.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,000 shares of the aerospace company’s stock after acquiring an additional 3,118 shares during the period. Curtiss-Wright comprises approximately 1.1% of Atika Capital Management LLC’s holdings, making the stock its 22nd largest position. Atika Capital Management LLC’s holdings in Curtiss-Wright were worth $8,855,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CW. State Street Corp boosted its stake in Curtiss-Wright by 1.2% during the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after buying an additional 16,962 shares during the period. Invesco Ltd. grew its holdings in shares of Curtiss-Wright by 7.9% during the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock worth $671,231,000 after purchasing an additional 88,688 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Curtiss-Wright by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after purchasing an additional 47,287 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Curtiss-Wright by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after purchasing an additional 39,515 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Curtiss-Wright by 9.3% in the fourth quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock worth $293,972,000 after purchasing an additional 45,589 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the sale, the vice president owned 2,172 shares in the company, valued at approximately $1,568,075.40. The trade was a 15.52% 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 worth $2,257,998 in the last three months. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $749.55 on Friday. Curtiss-Wright Corporation has a 52-week low of $464.91 and a 52-week high of $808.16. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $745.17 and its 200-day moving average price is $706.10. The company has a market cap of $27.69 billion, a PE ratio of 54.91, a PEG ratio of 3.36 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter in the prior year, the business earned $2.82 earnings per share. Curtiss-Wright’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that Curtiss-Wright Corporation will post 15.22 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s dividend payout ratio is 7.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CW shares. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday. Citigroup raised their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $773.67.

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.