Northwestern Mutual Wealth Management Co. Acquires 956 Shares of Curtiss-Wright Corporation $CW

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 582.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,120 shares of the aerospace company’s stock after purchasing an additional 956 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Curtiss-Wright were worth $617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in Curtiss-Wright by 738.8% in the fourth quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock valued at $14,335,000 after purchasing an additional 22,903 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Curtiss-Wright in the third quarter valued at approximately $37,812,000. Grove Bank & Trust bought a new position in Curtiss-Wright in the fourth quarter valued at approximately $1,104,000. Fisher Asset Management LLC grew its stake in Curtiss-Wright by 7.2% in the third quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company’s stock valued at $65,443,000 after purchasing an additional 8,095 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Curtiss-Wright by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company’s stock valued at $100,567,000 after purchasing an additional 7,022 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CW. Citigroup upped their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $746.67.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 918 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total transaction of $621,908.28. Following the transaction, the chief financial officer owned 5,518 shares in the company, valued at approximately $3,738,224.28. This trade represents a 14.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gary A. Ogilby sold 252 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $689.14, for a total value of $173,663.28. Following the transaction, the vice president owned 2,571 shares in the company, valued at approximately $1,771,778.94. This trade represents a 8.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,181 shares of company stock worth $4,204,919 in the last ninety days. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Up 1.6%

CW opened at $733.05 on Wednesday. Curtiss-Wright Corporation has a 1-year low of $443.00 and a 1-year high of $760.72. The stock’s fifty day simple moving average is $722.40 and its 200 day simple moving average is $660.89. 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 stock has a market cap of $27.08 billion, a PE ratio of 53.70, a price-to-earnings-growth ratio of 3.34 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter in the prior year, the business earned $2.82 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts expect that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is presently 7.03%.

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.