Vaughan Nelson Investment Management L.P. Invests $51.09 Million in Curtiss-Wright Corporation $CW

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 92,675 shares of the aerospace company’s stock, valued at approximately $51,089,000. Vaughan Nelson Investment Management L.P. owned about 0.25% of Curtiss-Wright as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CW. Clearstead Advisors LLC lifted its stake in shares of Curtiss-Wright by 1.6% in the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after buying an additional 17 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in Curtiss-Wright by 2.9% in the 4th quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock valued at $337,000 after buying an additional 17 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in shares of Curtiss-Wright by 1.8% in the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock worth $554,000 after purchasing an additional 18 shares during the period. Huntington National Bank boosted its position in shares of Curtiss-Wright by 9.5% in the third quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock valued at $113,000 after acquiring an additional 18 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 4.8%

CW opened at $631.98 on Tuesday. The firm’s 50-day simple moving average is $676.54 and its 200-day simple moving average is $601.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $730.12. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 49.10, a PEG ratio of 3.23 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The company had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the previous year, the firm earned $3.27 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,665 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the sale, the chief financial officer directly owned 7,358 shares of the company’s stock, valued at approximately $4,608,536.14. The trade was a 26.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 9,327 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the sale, the chief executive officer owned 46,192 shares of the company’s stock, valued at $28,936,978.40. This represents a 16.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,112 shares of company stock valued at $14,768,527 over the last ninety days. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the topic of several recent research reports. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Citigroup boosted their price target on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Finally, Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $663.17.

About Curtiss-Wright

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.