Thu Sep 26 15:03:28 UTC 2024: ## Hedge Funds Show Interest in Curtiss-Wright as Company Reports Strong Earnings

**New York, NY -** Curtiss-Wright Co. (NYSE: CW) saw increased interest from hedge funds during the second quarter, according to recent SEC filings. Pacer Advisors Inc., a prominent institutional investor, boosted its position in the aerospace company by 27.7%, acquiring an additional 1,995 shares, bringing their total holdings to 9,190 shares valued at $2,490,000.

This wasn’t the only instance of hedge fund activity. Versant Capital Management Inc. significantly increased its stake in Curtiss-Wright by 5,050.0% during the quarter, while GPS Wealth Strategies Group LLC acquired a new position. EverSource Wealth Advisors LLC also lifted its stake by a significant margin, demonstrating growing confidence in the company’s future prospects.

**Strong Earnings and Dividend Announcement Drive Interest**

The surge in hedge fund interest comes on the heels of a strong earnings report for Curtiss-Wright. The company exceeded analysts’ expectations in the second quarter, reporting earnings per share of $2.67, surpassing the consensus estimate of $2.24. Revenue also surpassed forecasts, reaching $785.00 million.

Adding to the positive news, Curtiss-Wright announced a quarterly dividend of $0.21, payable on October 11th. This represents a dividend yield of 0.26% on an annualized basis.

**Insider Transactions and Market Performance**

While hedge funds are buying, Curtiss-Wright director Glenda J. Minor sold 500 shares on August 16th, bringing the total insider ownership to 0.67%. The company’s stock has performed well in recent months, with a 12-month high of $333.73 and a 12-month low of $190.64.

Overall, the increased interest from hedge funds, strong earnings results, and dividend announcement suggest a positive outlook for Curtiss-Wright.

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