Hardman Johnston Global Advisors LLC Has $56.73 Million Holdings in Curtiss-Wright Corporation $CW

Hardman Johnston Global Advisors LLC cut its holdings in Curtiss-Wright Corporation (NYSE:CW) by 4.9% during the second quarter, Holdings Channel.com reports. The firm owned 116,111 shares of the aerospace company’s stock after selling 5,994 shares during the quarter. Curtiss-Wright accounts for about 2.5% of Hardman Johnston Global Advisors LLC’s portfolio, making the stock its 13th biggest position. Hardman Johnston Global Advisors LLC’s holdings in Curtiss-Wright were worth $56,726,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Curtiss-Wright by 98.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company’s stock worth $1,163,000 after buying an additional 1,817 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in Curtiss-Wright by 100.4% during the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company’s stock worth $362,000 after acquiring an additional 571 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Curtiss-Wright during the 1st quarter worth approximately $240,000. Janney Montgomery Scott LLC increased its position in shares of Curtiss-Wright by 37.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company’s stock worth $1,159,000 after purchasing an additional 999 shares during the last quarter. Finally, Mission Wealth Management LP bought a new position in shares of Curtiss-Wright in the first quarter valued at $206,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.8%

Shares of NYSE:CW opened at $538.03 on Friday. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $550.88. The stock has a market cap of $20.27 billion, a PE ratio of 45.40, a P/E/G ratio of 3.32 and a beta of 1.14. The business has a 50 day moving average of $498.16 and a 200-day moving average of $435.74. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million during the quarter, compared to analysts’ expectations of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $2.67 EPS. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio is 8.10%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CW. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Morgan Stanley boosted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Truist Financial reduced their target price on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research note on Friday, July 11th. Finally, Citigroup raised their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $468.14.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Company Profile

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.