Robeco Institutional Asset Management B.V. Acquires 995 Shares of Curtiss-Wright Corporation $CW

Robeco Institutional Asset Management B.V. boosted its stake in Curtiss-Wright Corporation (NYSE:CW) by 22.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,473 shares of the aerospace company’s stock after acquiring an additional 995 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Curtiss-Wright were worth $2,972,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in shares of Curtiss-Wright by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,178 shares of the aerospace company’s stock valued at $691,000 after purchasing an additional 386 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after buying an additional 20,379 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Curtiss-Wright by 8.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,188 shares of the aerospace company’s stock valued at $49,236,000 after acquiring an additional 11,855 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Curtiss-Wright by 104.1% during the 1st quarter. Intech Investment Management LLC now owns 13,359 shares of the aerospace company’s stock worth $4,238,000 after acquiring an additional 6,815 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Curtiss-Wright by 336.1% during the first quarter. Acadian Asset Management LLC now owns 5,046 shares of the aerospace company’s stock valued at $1,599,000 after purchasing an additional 3,889 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $606.08 on Friday. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $612.28. The company’s 50-day moving average is $560.87 and its 200 day moving average is $527.05.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm had revenue of $869.00 million for the quarter, compared to the consensus estimate of $869.03 million. During the same quarter in the prior year, the firm posted $2.89 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup began coverage on shares of Curtiss-Wright in a research report on Thursday, December 11th. They set a “neutral” rating and a $607.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $596.50.

Insider Activity at Curtiss-Wright

In other news, EVP John C. Watts sold 288 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the transaction, the executive vice president owned 3,188 shares in the company, valued at $1,912,800. The trade was a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 513 shares of company stock valued at $302,586. 0.55% of the stock is currently owned by company insiders.

About Curtiss-Wright

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.