Caprock Group LLC Invests $213,000 in Curtiss-Wright Co. (NYSE:CW)

Caprock Group LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 785 shares of the aerospace company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after buying an additional 101 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in Curtiss-Wright during the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC increased its holdings in Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in Curtiss-Wright in the fourth quarter valued at about $32,000. Finally, Sachetta LLC acquired a new position in shares of Curtiss-Wright during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $309.95 on Friday. Curtiss-Wright Co. has a 52 week low of $190.64 and a 52 week high of $318.20. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The stock has a market cap of $11.87 billion, a P/E ratio of 31.92 and a beta of 1.18. The stock has a 50 day moving average of $292.30 and a 200-day moving average of $272.39.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.15 EPS. On average, analysts expect that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 120 shares of company stock worth $27,914 over the last quarter. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on CW shares. Robert W. Baird raised their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Truist Financial upped their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Morgan Stanley upped their price objective on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $307.50.

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.