Los Angeles Capital Management LLC Has $8.43 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Los Angeles Capital Management LLC increased its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 85.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,856 shares of the aerospace company’s stock after buying an additional 17,428 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Curtiss-Wright were worth $8,434,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CW. Invesco Ltd. grew its stake in Curtiss-Wright by 0.7% during the third quarter. Invesco Ltd. now owns 1,307,585 shares of the aerospace company’s stock worth $255,803,000 after buying an additional 8,470 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Curtiss-Wright by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 712,704 shares of the aerospace company’s stock worth $139,427,000 after acquiring an additional 2,784 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $31,386,000. International Assets Investment Management LLC bought a new position in Curtiss-Wright in the fourth quarter valued at approximately $31,816,000. Finally, California Public Employees Retirement System lifted its stake in Curtiss-Wright by 32.7% during the fourth quarter. California Public Employees Retirement System now owns 122,656 shares of the aerospace company’s stock worth $27,327,000 after purchasing an additional 30,229 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $268.17 on Friday. The company has a market capitalization of $10.27 billion, a PE ratio of 27.62 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright Co. has a twelve month low of $157.72 and a twelve month high of $269.00. The firm has a fifty day simple moving average of $248.98 and a 200 day simple moving average of $228.63.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm had revenue of $713.17 million during the quarter, compared to analyst estimates of $664.01 million. During the same period last year, the company posted $1.53 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that Curtiss-Wright Co. will post 10.27 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 8.24%.

Analysts Set New Price Targets

CW has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Morgan Stanley lifted their price target on Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Truist Financial increased their price objective on Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a report on Friday. Finally, StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $277.00.

Insider Buying and Selling

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the sale, the vice president now directly owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the sale, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock valued at $3,030,512 over the last ninety days. 0.67% of the stock is owned by corporate insiders.

About Curtiss-Wright

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.