Curtiss-Wright Corporation $CW Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 0.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,768 shares of the aerospace company’s stock after purchasing an additional 829 shares during the period. First Trust Advisors LP’s holdings in Curtiss-Wright were worth $80,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Legacy Capital Group California Inc. boosted its holdings in shares of Curtiss-Wright by 14.1% in the third quarter. Legacy Capital Group California Inc. now owns 1,057 shares of the aerospace company’s stock worth $574,000 after buying an additional 131 shares during the period. Aptus Capital Advisors LLC lifted its position in shares of Curtiss-Wright by 5.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 35,279 shares of the aerospace company’s stock valued at $19,154,000 after acquiring an additional 1,696 shares in the last quarter. Barclays PLC boosted its stake in Curtiss-Wright by 116.6% in the 3rd quarter. Barclays PLC now owns 83,649 shares of the aerospace company’s stock worth $45,416,000 after purchasing an additional 45,030 shares during the period. KCM Investment Advisors LLC grew its position in Curtiss-Wright by 130.1% during the 3rd quarter. KCM Investment Advisors LLC now owns 10,434 shares of the aerospace company’s stock worth $5,665,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in Curtiss-Wright during the 3rd quarter valued at $437,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, EVP John C. Watts sold 652 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total value of $407,871.64. Following the completion of the sale, the executive vice president directly owned 3,890 shares in the company, valued at approximately $2,433,467.30. This represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Kevin Rayment sold 2,634 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,649,753.22. Following the transaction, the chief operating officer directly owned 29,896 shares in the company, valued at $18,724,761.68. The trade was a 8.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,269 shares of company stock worth $10,797,098 over the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CW has been the subject of several recent analyst reports. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Citigroup increased their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Morgan Stanley restated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Finally, Stifel Nicolaus boosted their price objective 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. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Curtiss-Wright Stock Up 3.6%

CW opened at $706.33 on Tuesday. The company has a market capitalization of $26.04 billion, a PE ratio of 54.88, a price-to-earnings-growth ratio of 3.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $730.12. The business has a 50-day moving average of $653.87 and a 200-day moving average of $580.50.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $890.14 million. During the same quarter in the previous year, the business posted $3.27 EPS. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s payout ratio is currently 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.