Boston Partners Decreases Position in Curtiss-Wright Corporation $CW

Boston Partners lessened its stake in Curtiss-Wright Corporation (NYSE:CW) by 49.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,628 shares of the aerospace company’s stock after selling 55,446 shares during the quarter. Boston Partners owned approximately 0.15% of Curtiss-Wright worth $27,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Curtiss-Wright during the 1st quarter valued at $70,357,000. TD Asset Management Inc raised its stake in Curtiss-Wright by 14.4% in the 2nd quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock valued at $385,651,000 after acquiring an additional 99,643 shares during the period. Millennium Management LLC lifted its holdings in Curtiss-Wright by 135.0% during the first quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock valued at $48,910,000 after purchasing an additional 88,557 shares during the last quarter. Bank of Nova Scotia boosted its position in Curtiss-Wright by 2,460.9% during the first quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after purchasing an additional 87,927 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Curtiss-Wright by 25.6% in the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock worth $81,761,000 after purchasing an additional 54,289 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $577.36 on Thursday. The stock has a market cap of $21.29 billion, a price-to-earnings ratio of 48.72, a PEG ratio of 3.41 and a beta of 1.12. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $544.12 and a 200 day simple moving average of $487.68. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $612.28.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, November 5th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. The firm had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $2.89 EPS. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. On average, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.24 per share. The ex-dividend date was Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.82%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CW shares. Truist Financial upped their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Morgan Stanley increased their target price on Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Finally, Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $562.83.

Insider Activity

In related news, VP John C. Watts sold 1,110 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president owned 3,863 shares of the company’s stock, valued at $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.55% of the company’s stock.

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.