Bull Harbor Capital LLC Invests $805,000 in Curtiss-Wright Corporation $CW

Bull Harbor Capital LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,182 shares of the aerospace company’s stock, valued at approximately $805,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC grew its stake in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares during the last quarter. IFP Advisors Inc grew its position in Curtiss-Wright by 2.3% in the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after buying an additional 16 shares during the last quarter. Summit Financial LLC grew its position in Curtiss-Wright by 2.3% in the 4th quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock valued at $384,000 after buying an additional 16 shares during the last quarter. VestGen Investment Management increased its stake in Curtiss-Wright by 0.9% in the 4th quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock valued at $1,031,000 after buying an additional 17 shares during the period. Finally, Jackson Thornton Wealth Management LLC raised its position in Curtiss-Wright by 4.9% during the 1st quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock worth $298,000 after buying an additional 19 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the transaction, the chief executive officer owned 48,134 shares of the company’s stock, valued at $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 available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the sale, the executive vice president owned 3,962 shares in the company, valued at $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. 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 a total of 3,119 shares of company stock worth $2,257,998 over the last 90 days. 0.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Citigroup raised their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Finally, Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Three 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $773.67.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $716.25 on Friday. The firm has a market capitalization of $26.46 billion, a price-to-earnings ratio of 52.47, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The business’s 50 day simple moving average is $745.86 and its 200-day simple moving average is $710.81. Curtiss-Wright Corporation has a 12 month low of $464.91 and a 12 month high of $808.16.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share 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 return on equity of 20.00% and a net margin of 14.17%.Curtiss-Wright’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $2.82 EPS. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 15.22 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

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.