Candriam S.C.A. Invests $723,000 in Curtiss-Wright Corporation $CW

Candriam S.C.A. purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,480 shares of the aerospace company’s stock, valued at approximately $723,000.

A number of other hedge funds have also recently modified their holdings of CW. Nuveen LLC purchased a new position in Curtiss-Wright during the first quarter worth about $70,357,000. TD Asset Management Inc raised its position in shares of Curtiss-Wright by 14.4% during the 2nd quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock valued at $385,651,000 after buying an additional 99,643 shares during the period. Millennium Management LLC lifted its holdings in Curtiss-Wright by 135.0% in the first quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock valued at $48,910,000 after acquiring an additional 88,557 shares during the last quarter. Bank of Nova Scotia grew its position in Curtiss-Wright by 2,460.9% in the first quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after acquiring an additional 87,927 shares during the period. Finally, AQR Capital Management LLC increased its stake in Curtiss-Wright by 25.6% during the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock worth $81,761,000 after acquiring an additional 54,289 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 1.3%

NYSE CW opened at $544.12 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The firm has a market cap of $20.06 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 3.41 and a beta of 1.12. The firm has a 50 day simple moving average of $548.01 and a 200-day simple moving average of $492.99. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $612.28.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. During the same period in the prior year, the business earned $2.89 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

Wall Street Analysts Forecast Growth

CW has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $562.83.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares of the company’s stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright 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.