Aventail Capital Group LP Invests $6.74 Million in Curtiss-Wright Corporation $CW

Aventail Capital Group LP purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,421 shares of the aerospace company’s stock, valued at approximately $6,744,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new position in Curtiss-Wright in the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $27,000. Penserra Capital Management LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $29,000. First Horizon Corp bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Curtiss-Wright by 8,800.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 89 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $654.64 on Friday. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 50.87, a P/E/G ratio of 3.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The company has a 50 day simple moving average of $663.82 and a 200 day simple moving average of $585.39. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $730.12.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. The firm had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $3.27 earnings per share. Research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP Robert F. Freda sold 418 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.95, for a total transaction of $262,065.10. Following the sale, the vice president owned 5,187 shares in the company, valued at $3,251,989.65. The trade was a 7.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Kevin Rayment sold 2,634 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the completion of the transaction, the chief operating officer directly owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. The trade was a 8.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,269 shares of company stock worth $10,797,098 over the last three months. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CW. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Truist Financial set a $603.00 price target on Curtiss-Wright in a report on Friday, January 9th. Finally, Citigroup upped their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $663.17.

About Curtiss-Wright

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.