Candriam S.C.A. Buys 1,585 Shares of Curtiss-Wright Corporation $CW

Candriam S.C.A. increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 37.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,835 shares of the aerospace company’s stock after acquiring an additional 1,585 shares during the period. Candriam S.C.A.’s holdings in Curtiss-Wright were worth $3,974,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after buying an additional 20,379 shares during the period. Sivia Capital Partners LLC acquired a new position in Curtiss-Wright in the second quarter valued at about $235,000. Northwestern Mutual Wealth Management Co. increased its stake in Curtiss-Wright by 53.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 35 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Curtiss-Wright during the second quarter worth $5,423,000. Finally, Cresset Asset Management LLC increased its holdings in Curtiss-Wright by 46.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after purchasing an additional 457 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

Shares of CW opened at $741.27 on Tuesday. The business has a 50-day simple moving average of $746.15 and a two-hundred day simple moving average of $696.62. 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. The stock has a market cap of $27.38 billion, a PE ratio of 54.31, a PEG ratio of 3.47 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Curtiss-Wright’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts anticipate that Curtiss-Wright Corporation will post 15.18 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently issued reports on CW. Citigroup lifted their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $749.67.

Insider Buying and Selling

In other news, EVP John C. Watts sold 220 shares of the business’s 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 sale, the executive vice president owned 3,962 shares in the company, valued at $2,983,029.42. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock valued at $2,257,998 over the last ninety days. 0.51% of the stock is owned by corporate insiders.

Curtiss-Wright Company 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.