1,470 Shares in Curtiss-Wright Corporation $CW Bought by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,470 shares of the aerospace company’s stock, valued at approximately $799,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Curtiss-Wright during the second quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Curtiss-Wright in the 2nd quarter valued at $30,000. Fiduciary Financial Advisors purchased a new stake in Curtiss-Wright in the 2nd quarter valued at $31,000. Elevation Wealth Partners LLC increased its stake in shares of Curtiss-Wright by 237.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 38 shares during the last quarter. Finally, Signature Equity Partners LLC increased its stake in shares of Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.2%

Curtiss-Wright stock traded up $1.18 during trading on Friday, hitting $502.67. The company had a trading volume of 283,208 shares, compared to its average volume of 461,741. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 1-year low of $490.05 and a 1-year high of $808.16. The company’s 50 day simple moving average is $579.54 and its 200-day simple moving average is $679.84.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The business had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. During the same period last year, the business posted $3.23 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts expect that Curtiss-Wright Corporation will post 15.27 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 25th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s dividend payout ratio is currently 7.16%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Morgan Stanley set a $625.00 price objective on shares of Curtiss-Wright in a research report on Friday. Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Piper Sandler assumed coverage on shares of Curtiss-Wright in a report on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 target price on the stock. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $717.50.

Insider Activity

In related news, EVP John Watts sold 1,035 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the transaction, the executive vice president directly owned 2,736 shares in the company, valued at $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the transaction, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is currently owned by corporate insiders.

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.