Dorsey Wright & Associates Has $17.58 Million Stake in Curtiss-Wright Corporation $CW

Dorsey Wright & Associates boosted its position in Curtiss-Wright Corporation (NYSE:CW) by 55.2% during the first quarter, Holdings Channel reports. The institutional investor owned 25,813 shares of the aerospace company’s stock after purchasing an additional 9,185 shares during the quarter. Curtiss-Wright comprises approximately 2.2% of Dorsey Wright & Associates’ portfolio, making the stock its 10th largest holding. Dorsey Wright & Associates’ holdings in Curtiss-Wright were worth $17,582,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CW. Transamerica Financial Advisors LLC boosted its position in Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Curtiss-Wright by 2.3% in the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 16 shares during the last quarter. Summit Financial LLC lifted its position in shares of Curtiss-Wright by 2.3% in the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after purchasing an additional 16 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in shares of Curtiss-Wright by 2.9% in the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 17 shares in the last quarter. Finally, VestGen Investment Management boosted its holdings in Curtiss-Wright by 0.9% during the fourth quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock worth $1,031,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $708.83 on Friday. The firm has a market capitalization of $26.18 billion, a P/E ratio of 51.93, a price-to-earnings-growth ratio of 3.28 and a beta of 0.86. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $746.21 and its two-hundred day moving average price is $700.32. Curtiss-Wright Corporation has a 1 year low of $463.00 and a 1 year high of $808.16.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. Curtiss-Wright’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 EPS. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 15.23 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Citigroup lifted their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $766.33.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president directly owned 2,172 shares of the company’s stock, valued at $1,568,075.40. This represents a 15.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is owned by company insiders.

Curtiss-Wright 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.