Focus Partners Advisor Solutions LLC Raises Stock Holdings in Curtiss-Wright Corporation $CW

Focus Partners Advisor Solutions LLC raised its stake in Curtiss-Wright Corporation (NYSE:CW) by 66.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,170 shares of the aerospace company’s stock after purchasing an additional 869 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Curtiss-Wright were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. TD Asset Management Inc lifted its position in shares of Curtiss-Wright by 0.3% during the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock valued at $429,754,000 after buying an additional 2,153 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Curtiss-Wright by 31.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock worth $395,665,000 after acquiring an additional 174,592 shares in the last quarter. Norges Bank bought a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $241,537,000. American Century Companies Inc. lifted its position in Curtiss-Wright by 15.9% during the third quarter. American Century Companies Inc. now owns 394,204 shares of the aerospace company’s stock valued at $214,029,000 after acquiring an additional 54,197 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Curtiss-Wright by 45.8% during the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after acquiring an additional 122,048 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on CW shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Stifel Nicolaus raised their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Morgan Stanley restated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Finally, Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $663.17.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 9,327 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the transaction, the chief executive officer owned 46,192 shares in the company, valued at approximately $28,936,978.40. This represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert F. Freda sold 418 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.95, for a total transaction of $262,065.10. Following the sale, the vice president directly owned 5,187 shares in the company, valued at approximately $3,251,989.65. The trade was a 7.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,269 shares of company stock valued at $10,797,098 in the last quarter. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Stock Up 0.4%

Shares of CW stock opened at $681.58 on Friday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $730.12. The stock has a market cap of $25.13 billion, a P/E ratio of 52.96, a P/E/G ratio of 3.31 and a beta of 0.91. The stock has a 50 day moving average of $650.99 and a 200 day moving average of $577.56. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.66 by $0.13. The business had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.27 EPS. As a group, sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is 7.46%.

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.