New Century Financial Group LLC Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

New Century Financial Group LLC acquired a new stake in Curtiss-Wright Co. (NYSE:CW) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,083 shares of the aerospace company’s stock, valued at approximately $293,000.

A number of other large investors have also made changes to their positions in CW. Versant Capital Management Inc raised its stake in Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new position in shares of Curtiss-Wright in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its position in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after buying an additional 116 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $32,000. Finally, Quarry LP boosted its position in Curtiss-Wright by 176.9% during the second quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after acquiring an additional 161 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Up 2.5 %

Shares of NYSE CW opened at $337.03 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $12.91 billion, a PE ratio of 34.71 and a beta of 1.18. The firm has a fifty day moving average of $302.92 and a 200-day moving average of $280.00. Curtiss-Wright Co. has a 52-week low of $190.64 and a 52-week high of $337.50.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. The firm had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.15 earnings per share. On average, analysts anticipate that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.25%. Curtiss-Wright’s payout ratio is 8.65%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CW shares. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus upped their target price on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Robert W. Baird raised their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $307.50.

Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.