Algert Global LLC Has $12.36 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Algert Global LLC grew its position in Curtiss-Wright Co. (NYSE:CW) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,618 shares of the aerospace company’s stock after buying an additional 4,169 shares during the quarter. Curtiss-Wright makes up approximately 0.4% of Algert Global LLC’s portfolio, making the stock its 12th largest position. Algert Global LLC owned approximately 0.12% of Curtiss-Wright worth $12,362,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Driehaus Capital Management LLC boosted its position in shares of Curtiss-Wright by 19.2% in the second quarter. Driehaus Capital Management LLC now owns 219,617 shares of the aerospace company’s stock worth $59,512,000 after buying an additional 35,304 shares during the period. Dorsey Wright & Associates boosted its position in Curtiss-Wright by 0.4% during the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after acquiring an additional 47 shares during the period. Susquehanna Fundamental Investments LLC boosted its position in Curtiss-Wright by 32.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 25,870 shares of the aerospace company’s stock worth $7,010,000 after acquiring an additional 6,305 shares during the period. Mackenzie Financial Corp grew its stake in Curtiss-Wright by 15.0% during the 2nd quarter. Mackenzie Financial Corp now owns 2,827 shares of the aerospace company’s stock valued at $766,000 after acquiring an additional 368 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Curtiss-Wright by 37.0% in the 2nd quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company’s stock valued at $64,815,000 after purchasing an additional 64,619 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CW has been the subject of several research reports. Robert W. Baird raised 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. Stifel Nicolaus lifted their target price 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, StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $307.50.

Curtiss-Wright Price Performance

Shares of CW opened at $325.65 on Friday. 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 has a market cap of $12.47 billion, a PE ratio of 33.54 and a beta of 1.18. Curtiss-Wright Co. has a twelve month low of $190.64 and a twelve month high of $333.73. The firm’s 50 day moving average price is $300.91 and its 200 day moving average price is $278.45.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. The business 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%. Curtiss-Wright’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 EPS. As a group, research analysts expect that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Insider Activity

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the company’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 transaction of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have purchased 120 shares of company stock valued at $27,914. Insiders own 0.67% of the company’s stock.

About Curtiss-Wright

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.