Renaissance Technologies LLC Has $4.09 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Renaissance Technologies LLC increased its position in Curtiss-Wright Co. (NYSE:CW) by 71.6% in the second quarter, HoldingsChannel reports. The firm owned 15,100 shares of the aerospace company’s stock after acquiring an additional 6,300 shares during the period. Renaissance Technologies LLC’s holdings in Curtiss-Wright were worth $4,092,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in shares of Curtiss-Wright by 14.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock valued at $512,000 after buying an additional 288 shares during the period. US Bancorp DE lifted its stake in shares of Curtiss-Wright by 4.9% in the 4th quarter. US Bancorp DE now owns 5,406 shares of the aerospace company’s stock valued at $1,204,000 after purchasing an additional 253 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Curtiss-Wright by 51.3% in the 4th quarter. Hsbc Holdings PLC now owns 4,585 shares of the aerospace company’s stock valued at $1,023,000 after purchasing an additional 1,555 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Curtiss-Wright by 18.1% in the 4th quarter. Stifel Financial Corp now owns 55,748 shares of the aerospace company’s stock valued at $12,420,000 after purchasing an additional 8,547 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Curtiss-Wright by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 17,459 shares of the aerospace company’s stock valued at $3,890,000 after purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the subject of several analyst reports. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $307.50.

Curtiss-Wright Price Performance

CW opened at $325.65 on Friday. Curtiss-Wright Co. has a one year low of $190.64 and a one year high of $333.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The company’s 50 day simple moving average is $300.91 and its 200-day simple moving average is $278.45. The stock has a market capitalization of $12.47 billion, a P/E ratio of 33.54 and a beta of 1.18.

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

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Insider Activity at Curtiss-Wright

In related 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 transaction, the director now directly 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 the SEC website. In the last three months, insiders acquired 120 shares of company stock worth $27,914. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Company 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.