Park Place Capital Corp Boosts Position in Curtiss-Wright Co. (NYSE:CW)

Park Place Capital Corp boosted its position in shares of Curtiss-Wright Co. (NYSE:CW) by 4,083.3% during the third quarter, Holdings Channel reports. The firm owned 251 shares of the aerospace company’s stock after buying an additional 245 shares during the quarter. Park Place Capital Corp’s holdings in Curtiss-Wright were worth $83,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Curtiss-Wright by 88.5% in the third quarter. GAMMA Investing LLC now owns 509 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 239 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Curtiss-Wright by 23.5% in the third quarter. Park Avenue Securities LLC now owns 4,561 shares of the aerospace company’s stock worth $1,499,000 after acquiring an additional 869 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in shares of Curtiss-Wright in the third quarter worth $490,000. Central Pacific Bank Trust Division raised its holdings in shares of Curtiss-Wright by 5.4% in the third quarter. Central Pacific Bank Trust Division now owns 1,550 shares of the aerospace company’s stock worth $509,000 after acquiring an additional 80 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Curtiss-Wright in the second quarter worth $1,707,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction dated 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 approximately $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $338.37 on Wednesday. The firm has a market capitalization of $12.96 billion, a P/E ratio of 34.85 and a beta of 1.18. The stock has a fifty day moving average price of $308.58 and a 200 day moving average price of $283.22. Curtiss-Wright Co. has a 52 week low of $194.26 and a 52 week high of $342.23. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last released 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 firm had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. During the same period in the prior year, the firm posted $2.15 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CW. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Robert W. Baird boosted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Stifel Nicolaus upped their target price 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $307.50.

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.