Tsfg LLC Increases Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Tsfg LLC increased its stake in Curtiss-Wright Co. (NYSE:CW) by 191.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102 shares of the aerospace company’s stock after acquiring an additional 67 shares during the quarter. Tsfg LLC’s holdings in Curtiss-Wright were worth $34,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in shares of Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in Curtiss-Wright during the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after buying an additional 116 shares in the last quarter. UMB Bank n.a. raised its position in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Curtiss-Wright by 176.9% in the second quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after buying an additional 161 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

NYSE:CW opened at $360.68 on Thursday. The company’s 50-day moving average is $317.08 and its two-hundred day moving average is $286.99. Curtiss-Wright Co. has a 1-year low of $194.46 and a 1-year high of $360.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 37.15 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 earnings per share. Analysts forecast that Curtiss-Wright Co. will post 10.56 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s payout ratio is 8.65%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

CW has been the subject of several research reports. Robert W. Baird upped their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus upped their price target on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $318.25.

Curtiss-Wright Profile

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.