Fisher Asset Management LLC Grows Position in Curtiss-Wright Corporation $CW

Fisher Asset Management LLC increased its position in Curtiss-Wright Corporation (NYSE:CW) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,071 shares of the aerospace company’s stock after buying an additional 11,536 shares during the quarter. Fisher Asset Management LLC’s holdings in Curtiss-Wright were worth $72,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CW. Atlantic Union Bankshares Corp purchased a new stake in Curtiss-Wright during the 3rd quarter valued at $26,000. Larson Financial Group LLC increased its position in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 21 shares during the period. Elyxium Wealth LLC bought a new position in shares of Curtiss-Wright during the fourth quarter valued at about $43,000. Sunbelt Securities Inc. bought a new position in shares of Curtiss-Wright during the third quarter valued at about $43,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth about $45,000. 82.71% of the stock is currently owned by institutional investors.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 3,225 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the sale, the chief executive officer owned 50,634 shares of the company’s stock, valued at $34,264,027.80. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kevin Rayment sold 907 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total value of $614,383.66. Following the completion of the sale, the chief operating officer directly owned 31,493 shares in the company, valued at approximately $21,332,728.34. This represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,961 shares of company stock worth $4,039,279 over the last 90 days. 0.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a report on Friday, February 13th. Citigroup boosted their target price on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $746.67.

Curtiss-Wright Stock Down 0.1%

Shares of NYSE:CW opened at $730.37 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a 52-week low of $413.35 and a 52-week high of $760.72. The firm has a market capitalization of $26.98 billion, a P/E ratio of 53.51, a P/E/G ratio of 3.39 and a beta of 0.86. The stock has a 50 day moving average price of $710.33 and a 200-day moving average price of $647.59.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results 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 analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. As a group, equities research analysts anticipate that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given 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 is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.03%.

Curtiss-Wright Company 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.