Pacer Advisors Inc. Buys 3,457 Shares of Curtiss-Wright Corporation $CW

Pacer Advisors Inc. raised its stake in Curtiss-Wright Corporation (NYSE:CW) by 222.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,010 shares of the aerospace company’s stock after purchasing an additional 3,457 shares during the period. Pacer Advisors Inc.’s holdings in Curtiss-Wright were worth $2,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CW. Inspire Investing LLC raised its position in shares of Curtiss-Wright by 13.2% during the third quarter. Inspire Investing LLC now owns 7,686 shares of the aerospace company’s stock valued at $4,173,000 after buying an additional 896 shares during the last quarter. Milestone Asset Management LLC bought a new position in Curtiss-Wright during the third quarter valued at about $1,102,000. World Investment Advisors acquired a new position in Curtiss-Wright in the 3rd quarter valued at approximately $209,000. Swedbank AB bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $239,000. Finally, DAVENPORT & Co LLC grew its holdings in shares of Curtiss-Wright by 38.7% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,514 shares of the aerospace company’s stock worth $1,365,000 after purchasing an additional 701 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 118 shares of Curtiss-Wright stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $575.00, for a total value of $67,850.00. Following the completion of the transaction, the vice president owned 3,570 shares in the company, valued at approximately $2,052,750. The trade was a 3.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Down 0.7%

Shares of Curtiss-Wright stock opened at $558.25 on Wednesday. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28. The stock has a market capitalization of $20.59 billion, a P/E ratio of 45.50, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. The company has a 50-day simple moving average of $560.93 and a 200 day simple moving average of $521.33. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. The firm had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.89 earnings per share. Research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.82%.

Analyst Ratings Changes

A number of research analysts recently commented on CW shares. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Citigroup started coverage on shares of Curtiss-Wright in a report on Thursday, December 11th. They set a “neutral” rating and a $607.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $585.50.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.