HWG Holdings LP Has $17.88 Million Stake in Curtiss-Wright Corporation $CW

HWG Holdings LP raised its stake in Curtiss-Wright Corporation (NYSE:CW) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,435 shares of the aerospace company’s stock after purchasing an additional 1,238 shares during the quarter. Curtiss-Wright accounts for 4.3% of HWG Holdings LP’s portfolio, making the stock its 6th biggest position. HWG Holdings LP owned 0.09% of Curtiss-Wright worth $17,880,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CW. Goldman Sachs Group Inc. raised its holdings in Curtiss-Wright by 10.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after buying an additional 20,379 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Curtiss-Wright in the 2nd quarter worth $235,000. JPMorgan Chase & Co. increased its position in shares of Curtiss-Wright by 2.9% in the second quarter. JPMorgan Chase & Co. now owns 178,196 shares of the aerospace company’s stock valued at $87,058,000 after acquiring an additional 4,979 shares during the period. Legal & General Group Plc increased its position in shares of Curtiss-Wright by 7.4% in the second quarter. Legal & General Group Plc now owns 83,483 shares of the aerospace company’s stock valued at $40,786,000 after acquiring an additional 5,746 shares during the period. Finally, Journey Strategic Wealth LLC bought a new position in shares of Curtiss-Wright during the second quarter valued at about $203,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a report on Friday, February 13th. Citigroup lifted their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Finally, Truist Financial set a $603.00 target price on Curtiss-Wright in a research note on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $663.17.

Insider Activity

In other news, VP Gary A. Ogilby sold 625 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the sale, the vice president directly owned 2,571 shares of the company’s stock, valued at $1,605,126.72. The trade was a 19.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Kevin Rayment sold 2,634 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the completion of the sale, the chief operating officer owned 29,896 shares in the company, valued at $18,724,761.68. The trade was a 8.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 23,112 shares of company stock valued at $14,768,527. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $702.84 on Thursday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12. The stock has a market cap of $25.91 billion, a PE ratio of 54.61, a price-to-earnings-growth ratio of 3.41 and a beta of 0.91. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $677.07 and its 200-day moving average price is $596.97.

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

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.46%.

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.