1,067 Shares in Curtiss-Wright Corporation $CW Purchased by ClearAlpha Technologies LP

ClearAlpha Technologies LP purchased a new position in Curtiss-Wright Corporation (NYSE:CW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,067 shares of the aerospace company’s stock, valued at approximately $588,000. Curtiss-Wright accounts for about 1.7% of ClearAlpha Technologies LP’s investment portfolio, making the stock its 16th biggest holding.

A number of other large investors also recently bought and sold shares of CW. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $31,000. Larson Financial Group LLC raised its holdings in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. Transamerica Financial Advisors LLC raised its holdings in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares during the period. Sunbelt Securities Inc. acquired a new position in Curtiss-Wright in the 3rd quarter worth about $43,000. Finally, Elyxium Wealth LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 2,500 shares of the business’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 transaction of $1,804,300.00. Following the transaction, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock worth $2,257,998 in the last ninety days. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

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

Curtiss-Wright Trading Up 1.6%

Shares of Curtiss-Wright stock opened at $776.95 on Thursday. The stock has a market cap of $28.70 billion, a P/E ratio of 56.92, a P/E/G ratio of 3.55 and a beta of 0.85. The stock’s 50 day simple moving average is $731.22 and its 200-day simple moving average is $669.64. Curtiss-Wright Corporation has a 1-year low of $458.74 and a 1-year high of $785.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05.

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

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued 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 Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.62%.

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.