Curtiss-Wright Corporation $CW Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 62.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,090 shares of the aerospace company’s stock after purchasing an additional 20,846 shares during the period. Schroder Investment Management Group owned approximately 0.15% of Curtiss-Wright worth $28,704,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in Curtiss-Wright by 10.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after buying an additional 20,379 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Curtiss-Wright in the second quarter valued at about $235,000. Wedbush Securities Inc. purchased a new stake in Curtiss-Wright in the second quarter valued at about $209,000. Penserra Capital Management LLC acquired a new stake in Curtiss-Wright in the second quarter worth about $29,000. Finally, Acadian Asset Management LLC grew its stake in shares of Curtiss-Wright by 113.5% during the second quarter. Acadian Asset Management LLC now owns 10,771 shares of the aerospace company’s stock worth $5,258,000 after acquiring an additional 5,725 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 1.7%

Shares of CW stock opened at $680.54 on Friday. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $730.12. The firm has a market capitalization of $25.09 billion, a PE ratio of 52.88, a P/E/G ratio of 3.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The stock’s 50-day simple moving average is $662.19 and its 200-day simple moving average is $583.52.

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

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s payout ratio is presently 7.46%.

Insiders Place Their Bets

In other news, COO Kevin Rayment sold 2,634 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the sale, the chief operating officer owned 29,896 shares in the company, valued at $18,724,761.68. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 2,665 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the transaction, the chief financial officer owned 7,358 shares of the company’s stock, valued at approximately $4,608,536.14. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 17,269 shares of company stock worth $10,797,098. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CW shares. Citigroup upped their price objective 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. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Morgan Stanley reissued an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Finally, Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a report on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright has a consensus 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.