Pacer Advisors Inc. Purchases 5,749 Shares of Curtiss-Wright Corporation $CW

Pacer Advisors Inc. increased its position in Curtiss-Wright Corporation (NYSE:CW) by 114.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,759 shares of the aerospace company’s stock after acquiring an additional 5,749 shares during the period. Pacer Advisors Inc.’s holdings in Curtiss-Wright were worth $5,931,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares of the company’s stock, valued at $1,568,075.40. The trade was a 15.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 that occurred 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 transaction, the chief executive officer owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,119 shares of company stock valued at $2,257,998. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of analyst reports. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Citigroup raised their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Finally, Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus price target of $746.67.

Curtiss-Wright Stock Performance

NYSE:CW opened at $784.62 on Tuesday. The firm has a market capitalization of $28.98 billion, a PE ratio of 57.48, a PEG ratio of 3.58 and a beta of 0.85. Curtiss-Wright Corporation has a 1 year low of $462.59 and a 1 year high of $800.00. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $735.11 and its 200 day simple moving average is $674.50.

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

Curtiss-Wright Dividend Announcement

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

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.