Sei Investments Co. Grows Stake in Curtiss-Wright Co. (NYSE:CW)

Sei Investments Co. grew its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 47.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,285 shares of the aerospace company’s stock after buying an additional 17,917 shares during the period. Sei Investments Co.’s holdings in Curtiss-Wright were worth $14,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 101 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in Curtiss-Wright in the second quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its position in 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 in the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $32,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $73,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.4 %

Shares of NYSE CW opened at $326.13 on Friday. The company has a market cap of $12.49 billion, a PE ratio of 33.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The firm’s 50 day moving average price is $299.94 and its 200-day moving average price is $277.57. Curtiss-Wright Co. has a 52-week low of $190.64 and a 52-week high of $333.73.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same period last year, the business posted $2.15 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts expect 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. Shareholders of record on Friday, September 27th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 8.65%.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 16th. The shares were 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 $418,469.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 120 shares of company stock worth $27,914. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird raised their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.