Schroder Investment Management Group Boosts Holdings in Curtiss-Wright Corporation $CW

Schroder Investment Management Group lifted its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 62.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,090 shares of the aerospace company’s stock after purchasing an additional 20,846 shares during the period. Schroder Investment Management Group’s holdings in Curtiss-Wright were worth $28,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CW. Goldman Sachs Group Inc. boosted its holdings 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 buying an additional 20,379 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Curtiss-Wright during the second quarter valued at approximately $235,000. Wedbush Securities Inc. purchased a new position in shares of Curtiss-Wright in the second quarter valued at approximately $209,000. Penserra Capital Management LLC purchased a new position in shares of Curtiss-Wright in the second quarter valued at approximately $29,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Curtiss-Wright by 113.5% in the second quarter. Acadian Asset Management LLC now owns 10,771 shares of the aerospace company’s stock worth $5,258,000 after acquiring an additional 5,725 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Gary A. Ogilby sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $624.32, for a total transaction of $390,200.00. Following the completion of the sale, the vice president owned 2,571 shares in the company, valued at $1,605,126.72. This trade represents a 19.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO K Christopher Farkas sold 2,665 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the sale, the chief financial officer directly owned 7,358 shares in the company, valued at approximately $4,608,536.14. The trade was a 26.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,269 shares of company stock worth $10,797,098 over the last ninety days. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $680.54 on Friday. The business’s 50 day moving average price is $662.19 and its 200 day moving average price is $583.52. The company has a market cap of $25.09 billion, a price-to-earnings ratio of 52.88, a PEG ratio of 3.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $730.12.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. During the same period last year, the company earned $3.27 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, research analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid 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 payout ratio is 7.46%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CW shares. Morgan Stanley reiterated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Finally, Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $663.17.

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.