Magnetar Financial LLC Acquires Shares of 11,163 Curtiss-Wright Co. (NYSE:CW)

Magnetar Financial LLC purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,163 shares of the aerospace company’s stock, valued at approximately $3,025,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CW. Versant Capital Management Inc increased its holdings in Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in shares of Curtiss-Wright in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Curtiss-Wright by 1,933.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 116 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter worth about $32,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Curtiss-Wright in the second quarter worth approximately $73,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Trading Up 1.1 %

Shares of CW opened at $332.17 on Tuesday. Curtiss-Wright Co. has a fifty-two week low of $190.64 and a fifty-two week high of $333.73. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 34.21 and a beta of 1.18. The firm has a 50 day moving average price of $297.38 and a 200-day moving average price of $276.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The business had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. During the same period in the prior year, the business posted $2.15 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CW shares. Robert W. Baird increased their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $307.50.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now owns 1,382 shares in the company, valued at $418,469.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have bought 120 shares of company stock worth $27,914. Insiders own 0.67% of the company’s stock.

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.