Fiera Capital Corp boosted its stake in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 32.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 202,894 shares of the aerospace company’s stock after purchasing an additional 50,266 shares during the quarter. Fiera Capital Corp’s holdings in Curtiss-Wright were worth $111,849,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in CW. Goldman Sachs Group Inc. boosted its stake in Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after purchasing an additional 20,379 shares during the period. Sivia Capital Partners LLC bought a new position in Curtiss-Wright in the 2nd quarter worth about $235,000. Northwestern Mutual Wealth Management Co. boosted its stake in Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 35 shares during the period. Marshall Wace LLP bought a new position in Curtiss-Wright in the 2nd quarter worth about $5,423,000. Finally, Cresset Asset Management LLC boosted its stake in Curtiss-Wright by 46.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after purchasing an additional 457 shares during the period. Institutional investors own 82.71% of the company’s stock.
Analysts Set New Price Targets
CW has been the subject of several analyst reports. Citigroup raised their target price on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $746.67.
Curtiss-Wright Stock Performance
NYSE:CW opened at $734.28 on Monday. The business’s 50-day moving average price is $719.93 and its two-hundred day moving average price is $658.31. Curtiss-Wright Corporation has a twelve month low of $443.00 and a twelve month high of $760.72. The stock has a market cap of $27.13 billion, a P/E ratio of 53.79, a PEG ratio of 3.40 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter last year, the firm posted $2.82 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts predict that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.
Curtiss-Wright Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.
Insider Transactions at Curtiss-Wright
In related news, CEO Lynn M. Bamford sold 3,225 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the transaction, the chief executive officer directly owned 50,634 shares of the company’s stock, valued at approximately $34,264,027.80. This trade represents a 5.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Kevin Rayment sold 907 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the transaction, the chief operating officer directly owned 31,493 shares in the company, valued at approximately $21,332,728.34. This represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 6,181 shares of company stock worth $4,204,919. 0.51% of the stock is owned by insiders.
Curtiss-Wright Company Profile
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.
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