Curtiss-Wright Corporation $CW is Wealth High Governance Capital Ltda’s 7th Largest Position

Wealth High Governance Capital Ltda cut its stake in Curtiss-Wright Corporation (NYSE:CW) by 9.8% in the first quarter, Holdings Channel.com reports. The fund owned 17,575 shares of the aerospace company’s stock after selling 1,912 shares during the quarter. Curtiss-Wright comprises about 3.6% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 7th largest holding. Wealth High Governance Capital Ltda’s holdings in Curtiss-Wright were worth $11,971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Curtiss-Wright in the 4th quarter valued at $290,633,000. Corient Private Wealth LLC boosted its stake in shares of Curtiss-Wright by 6,169.8% in the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after buying an additional 400,047 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Curtiss-Wright by 61.0% during the 4th quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock worth $270,392,000 after purchasing an additional 185,887 shares in the last quarter. Axiom Investors LLC DE purchased a new stake in Curtiss-Wright during the fourth quarter worth about $76,892,000. Finally, AQR Capital Management LLC grew its holdings in shares of Curtiss-Wright by 45.8% in the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock worth $189,468,000 after acquiring an additional 122,048 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $773.67.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. This represents a 15.52% decrease in their position. 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. Insiders have sold 3,119 shares of company stock valued at $2,257,998 in the last quarter. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Up 0.2%

NYSE CW opened at $725.11 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a fifty-two week low of $464.91 and a fifty-two week high of $808.16. The business has a 50 day moving average price of $745.76 and a two-hundred day moving average price of $711.52. The stock has a market cap of $26.79 billion, a PE ratio of 53.12, a P/E/G ratio of 3.32 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last posted 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 company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same quarter last year, the firm posted $2.82 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 15.22 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were 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 was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.

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.