Robeco Institutional Asset Management B.V. Grows Stock Holdings in Curtiss-Wright Corporation $CW

Robeco Institutional Asset Management B.V. increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 22.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,473 shares of the aerospace company’s stock after buying an additional 995 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Curtiss-Wright were worth $2,972,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new position in shares of Curtiss-Wright during the 3rd quarter valued at $210,000. Oregon Pacific Wealth Management LLC purchased a new stake in Curtiss-Wright during the third quarter valued at $237,000. Commonwealth Equity Services LLC increased its position in Curtiss-Wright by 28.6% during the third quarter. Commonwealth Equity Services LLC now owns 27,797 shares of the aerospace company’s stock valued at $15,092,000 after acquiring an additional 6,186 shares during the last quarter. Sage Investment Counsel LLC bought a new position in Curtiss-Wright in the third quarter valued at about $213,000. Finally, SJS Investment Consulting Inc. boosted its position in Curtiss-Wright by 1,840.0% in the third quarter. SJS Investment Consulting Inc. now owns 97 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 92 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 4.0%

CW opened at $606.08 on Friday. The stock has a market cap of $22.35 billion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The firm’s fifty day moving average is $560.87 and its 200 day moving average is $527.05. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $612.28.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. During the same quarter in the prior year, the business posted $2.89 EPS. Curtiss-Wright’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CW. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley restated an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Finally, Citigroup started coverage on Curtiss-Wright in a research note on Thursday, December 11th. They issued a “neutral” rating and a $607.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus price target of $596.50.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $600.00, for a total transaction of $172,800.00. Following the completion of the sale, the executive vice president directly owned 3,188 shares of the company’s stock, valued at $1,912,800. This trade represents a 8.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 513 shares of company stock worth $302,586. Company insiders own 0.55% 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.