WCM Investment Management LLC Lowers Holdings in Curtiss-Wright Corporation $CW

WCM Investment Management LLC lowered its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 27.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,400 shares of the aerospace company’s stock after selling 1,625 shares during the period. WCM Investment Management LLC’s holdings in Curtiss-Wright were worth $2,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CW. Edmond DE Rothschild Holding S.A. grew its stake in Curtiss-Wright by 108.0% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock worth $1,141,000 after buying an additional 1,213 shares during the last quarter. Inscription Capital LLC raised its stake in Curtiss-Wright by 248.3% in the third quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock valued at $1,386,000 after buying an additional 1,820 shares during the last quarter. Creative Planning boosted its holdings in Curtiss-Wright by 30.4% in the second quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after acquiring an additional 1,300 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Curtiss-Wright by 914.7% during the second quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock worth $10,103,000 after acquiring an additional 18,641 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Curtiss-Wright by 17.8% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,759 shares of the aerospace company’s stock worth $3,127,000 after acquiring an additional 870 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the transaction, the executive vice president directly owned 3,188 shares of the company’s stock, valued at approximately $1,912,800. The trade was a 8.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 513 shares of company stock worth $302,586 in the last three months. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CW. Stifel Nicolaus set a $625.00 price objective on shares of Curtiss-Wright in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research note on Friday, January 9th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Citigroup upped their target price on Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $612.33.

Curtiss-Wright Stock Up 1.5%

NYSE:CW opened at $673.67 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The company’s fifty day moving average price is $592.18 and its 200-day moving average price is $547.77. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $683.09. The firm has a market capitalization of $24.84 billion, a P/E ratio of 54.90, a PEG ratio of 3.03 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.89 earnings per share. As a group, equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.82%.

Curtiss-Wright 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.