TD Asset Management Inc Sells 17,336 Shares of Curtiss-Wright Corporation $CW

TD Asset Management Inc lessened its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 774,195 shares of the aerospace company’s stock after selling 17,336 shares during the period. TD Asset Management Inc’s holdings in Curtiss-Wright were worth $426,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CW. State Street Corp raised its holdings in Curtiss-Wright by 1.2% during the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after buying an additional 16,962 shares during the period. Geode Capital Management LLC raised its holdings in Curtiss-Wright by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after buying an additional 47,287 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Curtiss-Wright by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after acquiring an additional 39,515 shares in the last quarter. Van ECK Associates Corp lifted its position in Curtiss-Wright by 5.3% in the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after acquiring an additional 37,069 shares in the last quarter. Finally, Norges Bank bought a new stake in Curtiss-Wright in the 4th quarter valued at $290,633,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on CW shares. Citigroup boosted their price target on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $746.67.

Insider Activity

In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 3,225 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total value of $2,182,357.50. Following the transaction, the chief executive officer owned 50,634 shares of the company’s stock, valued at $34,264,027.80. This represents a 5.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 6,181 shares of company stock worth $4,204,919. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $734.92 on Thursday. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 53.84, a PEG ratio of 3.34 and a beta of 0.85. The business has a 50-day moving average of $718.44 and a 200-day moving average of $655.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. Curtiss-Wright Corporation has a fifty-two week low of $443.00 and a fifty-two week high of $760.72.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million during 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%.Curtiss-Wright’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be given 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 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.