WCM Investment Management LLC Cuts Holdings in Curtiss-Wright Corporation $CW

WCM Investment Management LLC reduced its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 27.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,400 shares of the aerospace company’s stock after selling 1,625 shares during the quarter. WCM Investment Management LLC’s holdings in Curtiss-Wright were worth $2,335,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Miracle Mile Advisors LLC grew its holdings in Curtiss-Wright by 1.8% in the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock valued at $554,000 after purchasing an additional 18 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Curtiss-Wright by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock valued at $746,000 after buying an additional 22 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Curtiss-Wright by 0.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock valued at $5,840,000 after acquiring an additional 30 shares during the period. Cadinha & Co. LLC grew its stake in Curtiss-Wright by 1.3% in the 3rd quarter. Cadinha & Co. LLC now owns 2,368 shares of the aerospace company’s stock valued at $1,286,000 after acquiring an additional 30 shares during the period. Finally, Huntington National Bank increased its holdings in Curtiss-Wright by 20.3% in the 2nd quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock worth $93,000 after acquiring an additional 32 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on CW. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Stifel Nicolaus set a $625.00 price target on shares of Curtiss-Wright in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Finally, Citigroup increased their target price on Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $612.33.

Curtiss-Wright Stock Up 1.5%

Shares of NYSE CW opened at $673.67 on Wednesday. The stock has a market cap of $24.84 billion, a PE ratio of 54.90, a P/E/G ratio of 3.03 and a beta of 0.93. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $683.09. The company has a 50-day moving average of $592.18 and a 200 day moving average of $547.77.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $2.89 EPS. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, November 28th. Curtiss-Wright’s payout ratio is currently 7.82%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of Curtiss-Wright stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $600.00, for a total transaction of $172,800.00. Following the transaction, the executive vice president directly owned 3,188 shares of the company’s stock, valued at $1,912,800. The trade was a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 513 shares of company stock worth $302,586 in the last ninety days. 0.55% 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.