Intech Investment Management LLC Increases Position in Curtiss-Wright Corporation $CW

Intech Investment Management LLC increased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 48.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,382 shares of the aerospace company’s stock after purchasing an additional 7,023 shares during the quarter. Intech Investment Management LLC’s holdings in Curtiss-Wright were worth $11,609,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc raised its stake in shares of Curtiss-Wright by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after buying an additional 2,153 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Curtiss-Wright by 31.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock worth $395,665,000 after acquiring an additional 174,592 shares in the last quarter. Norges Bank acquired a new position in Curtiss-Wright during the second quarter worth $241,537,000. AQR Capital Management LLC lifted its holdings in Curtiss-Wright by 45.8% during the second 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, American Century Companies Inc. grew its position in shares of Curtiss-Wright by 21.0% in the second quarter. American Century Companies Inc. now owns 340,007 shares of the aerospace company’s stock valued at $166,110,000 after purchasing an additional 59,003 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO K Christopher Farkas sold 2,665 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the sale, the chief financial officer owned 7,358 shares in the company, valued at $4,608,536.14. This trade represents a 26.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gary A. Ogilby sold 625 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $624.32, for a total transaction of $390,200.00. Following the sale, the vice president directly owned 2,571 shares in the company, valued at approximately $1,605,126.72. The trade was a 19.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,269 shares of company stock valued at $10,797,098 in the last quarter. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup upped their price target on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Finally, Stifel Nicolaus raised their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Curtiss-Wright Price Performance

CW stock opened at $701.80 on Friday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $719.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The firm has a market capitalization of $25.88 billion, a PE ratio of 54.53, a price-to-earnings-growth ratio of 3.40 and a beta of 0.93. The business has a 50 day simple moving average of $634.83 and a 200-day simple moving average of $568.95.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The company had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the previous year, the company posted $3.27 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend 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.