Curtiss-Wright Corporation $CW Stock Holdings Lessened by WCM Investment Management LLC

WCM Investment Management LLC cut its holdings in Curtiss-Wright Corporation (NYSE:CW) by 25.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,277 shares of the aerospace company’s stock after selling 1,101 shares during the period. WCM Investment Management LLC’s holdings in Curtiss-Wright were worth $2,071,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC raised its position in shares of Curtiss-Wright by 738.8% during the 4th quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock worth $14,335,000 after buying an additional 22,903 shares in the last quarter. CWM LLC increased its holdings in shares of Curtiss-Wright by 75.8% in the fourth quarter. CWM LLC now owns 18,425 shares of the aerospace company’s stock valued at $10,157,000 after buying an additional 7,944 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Curtiss-Wright by 114.8% during the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after acquiring an additional 5,749 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Curtiss-Wright by 16.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,667 shares of the aerospace company’s stock worth $8,115,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Curtiss-Wright in the 4th quarter worth $1,104,000. Institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Morgan Stanley reissued an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Citigroup boosted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Stifel Nicolaus upped 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. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $773.67.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $709.51 on Tuesday. The company’s fifty day moving average is $745.82 and its two-hundred day moving average is $702.36. The company has a market cap of $26.21 billion, a P/E ratio of 51.98, a price-to-earnings-growth ratio of 3.24 and a beta of 0.86. Curtiss-Wright Corporation has a 12-month low of $463.00 and a 12-month high of $808.16. 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 (NYSE:CW) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter last year, the firm posted $2.82 earnings per share. Curtiss-Wright’s revenue was up 13.4% compared to the same quarter last year. Equities analysts expect that Curtiss-Wright Corporation will post 15.23 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were given a dividend of $0.24 per share. The ex-dividend date was Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.

Insiders Place Their Bets

In other news, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is currently owned by company insiders.

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.