Cornerstone Investment Partners LLC Trims Stake in Curtiss-Wright Corporation $CW

Cornerstone Investment Partners LLC lowered its position in Curtiss-Wright Corporation (NYSE:CW) by 32.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 612 shares of the aerospace company’s stock after selling 293 shares during the period. Cornerstone Investment Partners LLC’s holdings in Curtiss-Wright were worth $299,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in Curtiss-Wright by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock worth $746,000 after purchasing an additional 22 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Curtiss-Wright by 0.3% during 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 buying an additional 30 shares in the last quarter. Huntington National Bank grew its position in shares of 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 buying an additional 32 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Curtiss-Wright by 0.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company’s stock worth $2,188,000 after buying an additional 37 shares during the period. Finally, Shilanski & Associates Inc. increased its stake in shares of Curtiss-Wright by 0.6% in the 2nd quarter. Shilanski & Associates Inc. now owns 5,946 shares of the aerospace company’s stock worth $2,906,000 after acquiring an additional 38 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Performance

CW stock opened at $575.52 on Friday. The stock’s 50 day simple moving average is $535.97 and its 200 day simple moving average is $479.58. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28. The stock has a market capitalization of $21.68 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, November 5th. The aerospace company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.17 million during the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.89 EPS. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. As a group, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.10%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares of the company’s stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CW has been the topic of a number of recent research reports. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Truist Financial boosted their target price on Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Citigroup increased their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $545.00.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.