Inceptionr LLC Has $1.82 Million Stake in Curtiss-Wright Corporation $CW

Inceptionr LLC grew its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 168.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,303 shares of the aerospace company’s stock after acquiring an additional 2,074 shares during the period. Curtiss-Wright comprises approximately 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 10th biggest holding. Inceptionr LLC’s holdings in Curtiss-Wright were worth $1,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CW. Goldman Sachs Group Inc. raised its stake in shares of Curtiss-Wright by 10.6% during the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after acquiring an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $235,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 35 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $5,423,000. Finally, Cresset Asset Management LLC raised its stake in shares of Curtiss-Wright by 46.4% during the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock valued at $705,000 after acquiring an additional 457 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

CW has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Citigroup lifted their price objective on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $746.67.

Curtiss-Wright Price Performance

NYSE CW opened at $721.75 on Thursday. The firm’s fifty day simple moving average is $724.20 and its two-hundred day simple moving average is $662.21. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12-month low of $447.11 and a 12-month high of $760.72. The firm has a market capitalization of $26.66 billion, a P/E ratio of 52.88, a P/E/G ratio of 3.40 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same period in the previous year, the company earned $2.82 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts forecast that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.62%.

Insiders Place Their Bets

In other Curtiss-Wright news, COO Kevin Rayment sold 907 shares of Curtiss-Wright stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the transaction, the chief operating officer directly owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 9,080 shares of company stock valued at $6,297,278. 0.51% of the stock is currently owned by company insiders.

Curtiss-Wright Company 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.