ClearAlpha Technologies LP Acquires New Shares in Curtiss-Wright Corporation $CW

ClearAlpha Technologies LP acquired a new stake in Curtiss-Wright Corporation (NYSE:CW) during the fourth quarter, Holdings Channel reports. The fund acquired 1,067 shares of the aerospace company’s stock, valued at approximately $588,000. Curtiss-Wright comprises about 1.7% of ClearAlpha Technologies LP’s holdings, making the stock its 16th largest holding.

A number of other large investors have also recently added to or reduced their stakes in CW. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC lifted its holdings in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 15 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in Curtiss-Wright in the third quarter valued at approximately $43,000. Finally, Elyxium Wealth LLC acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $43,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the company’s 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 sale, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Up 1.6%

Shares of NYSE CW opened at $776.95 on Thursday. The firm has a market cap of $28.70 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 3.55 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 52-week low of $458.74 and a 52-week high of $785.94. The business’s 50 day moving average is $731.22 and its two-hundred day moving average is $669.64.

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

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 7.62%.

Analysts Set New Price Targets

A number of research analysts recently commented on CW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Finally, Citigroup boosted their target price on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $746.67.

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.