Curtiss-Wright Corporation $CW Shares Sold by Munro Partners

Munro Partners lowered its position in Curtiss-Wright Corporation (NYSE:CW) by 88.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,820 shares of the aerospace company’s stock after selling 144,751 shares during the period. Munro Partners’ holdings in Curtiss-Wright were worth $10,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Norges Bank purchased a new stake in Curtiss-Wright in the fourth quarter valued at approximately $290,633,000. Franklin Resources Inc. lifted its stake in Curtiss-Wright by 61.0% in the fourth quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock valued at $270,392,000 after buying an additional 185,887 shares during the last quarter. Axiom Investors LLC DE purchased a new stake in Curtiss-Wright in the fourth quarter valued at approximately $76,892,000. AQR Capital Management LLC lifted its stake in Curtiss-Wright by 45.8% in the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after buying an additional 122,048 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Curtiss-Wright in the third quarter valued at approximately $62,320,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.6%

NYSE:CW opened at $762.18 on Tuesday. The stock has a fifty day moving average price of $728.28 and a two-hundred day moving average price of $666.72. The stock has a market capitalization of $28.15 billion, a price-to-earnings ratio of 55.84, a PEG ratio of 3.51 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a 1 year low of $458.74 and a 1 year high of $772.98.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.Curtiss-Wright’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 earnings per share. As a group, sell-side analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a $0.24 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is currently 7.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Citigroup upped their price target on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $746.67.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the sale, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,371 shares of company stock worth $2,431,662 in the last three months. Corporate insiders own 0.51% of the company’s stock.

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.