Natixis Advisors LLC Acquires 5,139 Shares of Curtiss-Wright Corporation $CW

Natixis Advisors LLC lifted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 13.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 43,653 shares of the aerospace company’s stock after buying an additional 5,139 shares during the period. Natixis Advisors LLC’s holdings in Curtiss-Wright were worth $24,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $2,781,000. SG Americas Securities LLC lifted its stake in shares of Curtiss-Wright by 738.8% in the 4th quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock worth $14,335,000 after purchasing an additional 22,903 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $37,812,000. Grove Bank & Trust purchased a new stake in Curtiss-Wright in the 4th quarter worth approximately $1,104,000. Finally, Fisher Asset Management LLC raised its stake in Curtiss-Wright by 7.2% during the 3rd quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company’s stock worth $65,443,000 after acquiring an additional 8,095 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

NYSE CW opened at $743.16 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12 month low of $443.00 and a 12 month high of $760.72. The company’s 50 day moving average is $719.30 and its two-hundred day moving average is $656.97. The stock has a market cap of $27.45 billion, a price-to-earnings ratio of 54.44, a PEG ratio of 3.40 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same period last year, the firm posted $2.82 EPS. The company’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.62%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Gary A. Ogilby sold 252 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total transaction of $173,663.28. Following the completion of the sale, the vice president directly owned 2,571 shares of the company’s stock, valued at $1,771,778.94. This trade represents a 8.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John C. Watts sold 220 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the sale, the executive vice president directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,181 shares of company stock worth $4,204,919. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CW shares. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Citigroup raised their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. 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, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $746.67.

Curtiss-Wright Company Profile

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.