Headlands Technologies LLC Purchases New Stake in Curtiss-Wright Co. (NYSE:CW)

Headlands Technologies LLC acquired a new position in Curtiss-Wright Co. (NYSE:CW) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 920 shares of the aerospace company’s stock, valued at approximately $249,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $73,000. Choreo LLC bought a new stake in Curtiss-Wright in the second quarter valued at $466,000. Prudential PLC acquired a new position in shares of Curtiss-Wright during the second quarter valued at $339,000. PFG Investments LLC bought a new position in shares of Curtiss-Wright during the second quarter worth about $200,000. Finally, Quest Partners LLC increased its holdings in shares of Curtiss-Wright by 52.0% in the 2nd quarter. Quest Partners LLC now owns 12,188 shares of the aerospace company’s stock worth $3,303,000 after acquiring an additional 4,170 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $309.95 on Friday. Curtiss-Wright Co. has a 1 year low of $190.64 and a 1 year high of $318.20. The firm 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 fifty day moving average price of $292.30 and a two-hundred day moving average price of $272.39. 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 announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.43. The business had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $2.15 earnings per share. Research analysts forecast that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. Curtiss-Wright’s payout ratio is currently 8.65%.

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 120 shares of company stock valued at $27,914 over the last ninety days. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CW. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley raised their target price on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Truist Financial increased their price target on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Finally, Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One research 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’s stock. According to MarketBeat.com, Curtiss-Wright has an average 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.