Acadian Asset Management LLC Boosts Position in Curtiss-Wright Corporation $CW

Acadian Asset Management LLC boosted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 336.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,046 shares of the aerospace company’s stock after buying an additional 3,889 shares during the period. Acadian Asset Management LLC’s holdings in Curtiss-Wright were worth $1,599,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Ascent Group LLC raised its holdings in Curtiss-Wright by 4.9% in the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock valued at $253,000 after buying an additional 33 shares during the period. Portside Wealth Group LLC raised its holdings in Curtiss-Wright by 1.6% in the first quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company’s stock valued at $680,000 after buying an additional 34 shares during the period. Alliance Wealth Advisors LLC UT raised its stake in shares of Curtiss-Wright by 1.0% during the first quarter. Alliance Wealth Advisors LLC UT now owns 4,505 shares of the aerospace company’s stock valued at $1,429,000 after purchasing an additional 43 shares during the period. Signaturefd LLC raised its stake in shares of Curtiss-Wright by 10.3% during the first quarter. Signaturefd LLC now owns 473 shares of the aerospace company’s stock valued at $150,000 after purchasing an additional 44 shares during the period. Finally, WCM Investment Management LLC raised its stake in shares of Curtiss-Wright by 0.8% during the first quarter. WCM Investment Management LLC now owns 5,561 shares of the aerospace company’s stock valued at $1,762,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $513.07 on Wednesday. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $525.84. The firm’s 50-day simple moving average is $487.93 and its 200 day simple moving average is $419.30. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The stock has a market cap of $19.33 billion, a P/E ratio of 43.30, a P/E/G ratio of 3.18 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $876.58 million for the quarter, compared to analysts’ expectations of $855.10 million. During the same period in the previous year, the business earned $2.67 earnings per share. Curtiss-Wright’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.10%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley raised their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $468.14.

Curtiss-Wright Company 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.