HWG Holdings LP Cuts Stake in Curtiss-Wright Corporation $CW

HWG Holdings LP cut its position in Curtiss-Wright Corporation (NYSE:CW) by 23.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,197 shares of the aerospace company’s stock after selling 9,789 shares during the period. Curtiss-Wright accounts for approximately 4.3% of HWG Holdings LP’s investment portfolio, making the stock its 7th biggest holding. HWG Holdings LP owned about 0.08% of Curtiss-Wright worth $16,938,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA bought a new position in Curtiss-Wright in the second quarter worth approximately $270,731,000. Norges Bank bought a new position in shares of Curtiss-Wright in the 2nd quarter worth $241,537,000. Munro Partners acquired a new stake in Curtiss-Wright in the 2nd quarter valued at $78,000,000. AQR Capital Management LLC increased its stake in Curtiss-Wright by 45.8% during the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after purchasing an additional 122,048 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Curtiss-Wright by 14.4% during the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock worth $385,651,000 after buying an additional 99,643 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CW shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Curtiss-Wright in a report on Monday, December 8th. Stifel Nicolaus lowered their price objective on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Morgan Stanley restated an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $585.50.

Curtiss-Wright Stock Up 2.3%

CW stock opened at $567.46 on Tuesday. The stock has a market cap of $20.93 billion, a P/E ratio of 46.25, a P/E/G ratio of 2.92 and a beta of 0.93. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $559.53 and its two-hundred day simple moving average is $517.09. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $612.28.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.89 EPS. Analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is currently 7.82%.

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.