Meeder Asset Management Inc. grew its holdings in shares of Curtiss-Wright Corp. (NYSE:CW) by 1,958.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350 shares of the aerospace company’s stock after acquiring an additional 333 shares during the period. Meeder Asset Management Inc.’s holdings in Curtiss-Wright were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of CW. CWM LLC lifted its stake in shares of Curtiss-Wright by 689.7% during the 4th quarter. CWM LLC now owns 229 shares of the aerospace company’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Curtiss-Wright by 31.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 519 shares of the aerospace company’s stock valued at $73,000 after buying an additional 124 shares in the last quarter. CFM Wealth Partners LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter valued at $77,000. Howard Wealth Management LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter valued at $81,000. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of Curtiss-Wright during the 4th quarter valued at $113,000. 78.80% of the stock is owned by hedge funds and other institutional investors.
CW stock traded up $9.81 during mid-day trading on Thursday, hitting $98.30. The company had a trading volume of 269,477 shares, compared to its average volume of 457,456. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 13.75 and a beta of 1.23. Curtiss-Wright Corp. has a 12-month low of $70.56 and a 12-month high of $149.90. The company has a quick ratio of 1.48, a current ratio of 2.05 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $121.18 and a 200 day moving average price of $133.21.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.07 by $0.05. The business had revenue of $655.77 million for the quarter, compared to analysts’ expectations of $686.28 million. Curtiss-Wright had a net margin of 12.36% and a return on equity of 18.63%. As a group, analysts expect that Curtiss-Wright Corp. will post 7.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, March 25th. Curtiss-Wright’s dividend payout ratio is 9.35%.
Several analysts have commented on the stock. SunTrust Banks decreased their price target on shares of Curtiss-Wright from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. ValuEngine upgraded shares of Curtiss-Wright from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Finally, UBS Group decreased their price target on shares of Curtiss-Wright from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $149.75.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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