Themes Management Co LLC Acquires 749 Shares of Curtiss-Wright Corporation $CW

Themes Management Co LLC lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 68.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,850 shares of the aerospace company’s stock after buying an additional 749 shares during the period. Themes Management Co LLC’s holdings in Curtiss-Wright were worth $1,260,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CW. SG Americas Securities LLC grew its holdings in shares of Curtiss-Wright by 738.8% during the 4th quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock valued at $14,335,000 after purchasing an additional 22,903 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Curtiss-Wright by 114.8% in the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after purchasing an additional 5,749 shares during the last quarter. CWM LLC lifted its stake in Curtiss-Wright by 75.8% in the 4th quarter. CWM LLC now owns 18,425 shares of the aerospace company’s stock valued at $10,157,000 after purchasing an additional 7,944 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Curtiss-Wright by 16.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,667 shares of the aerospace company’s stock valued at $8,115,000 after buying an additional 1,965 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $1,104,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Trading Down 0.0%

Shares of NYSE CW opened at $749.68 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a 52-week low of $464.91 and a 52-week high of $808.16. The firm has a 50 day moving average price of $745.86 and a two-hundred day moving average price of $706.41. The stock has a market cap of $27.69 billion, a P/E ratio of 54.92, a price-to-earnings-growth ratio of 3.44 and a beta of 0.86.

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

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the sale, the executive vice president directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. The trade was a 5.26% 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. In the last three months, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Citigroup raised their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $773.67.

Curtiss-Wright Company 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.