Wealth High Governance Capital Ltda Has $9.77 Million Stake in Curtiss-Wright Corporation $CW

Wealth High Governance Capital Ltda grew its holdings in Curtiss-Wright Corporation (NYSE:CW) by 45.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,000 shares of the aerospace company’s stock after purchasing an additional 5,600 shares during the quarter. Curtiss-Wright comprises 2.8% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 12th biggest holding. Wealth High Governance Capital Ltda’s holdings in Curtiss-Wright were worth $9,773,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CW. Certuity LLC bought a new stake in Curtiss-Wright during the 3rd quarter valued at approximately $311,000. BOKF NA increased its position in Curtiss-Wright by 0.6% in the 3rd quarter. BOKF NA now owns 9,401 shares of the aerospace company’s stock worth $5,104,000 after buying an additional 57 shares during the period. Capital Fund Management S.A. acquired a new position in shares of Curtiss-Wright during the third quarter worth approximately $6,169,000. Mackenzie Financial Corp bought a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $1,350,000. Finally, Van ECK Associates Corp boosted its position in shares of Curtiss-Wright by 5.3% in the third quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after acquiring an additional 37,069 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Performance

Shares of CW traded down $15.09 on Friday, reaching $665.20. 140,723 shares of the stock traded hands, compared to its average volume of 289,911. The stock’s 50-day moving average price is $662.19 and its 200-day moving average price is $583.52. 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 firm has a market cap of $24.53 billion, a price-to-earnings ratio of 51.46, a P/E/G ratio of 3.37 and a beta of 0.91. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12.

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

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s payout ratio is 7.46%.

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 report on Saturday, January 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Citigroup upped their price objective on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $663.17.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,665 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the transaction, the chief financial officer owned 7,358 shares in the company, valued at $4,608,536.14. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lynn M. Bamford sold 9,327 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the sale, the chief executive officer directly owned 46,192 shares in the company, valued at $28,936,978.40. The trade was a 16.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,269 shares of company stock worth $10,797,098 in the last 90 days. 0.55% of the stock is currently owned by insiders.

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.