Brown Advisory Inc. Trims Holdings in Curtiss-Wright Corporation $CW

Brown Advisory Inc. lowered its holdings in Curtiss-Wright Corporation (NYSE:CW) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,407 shares of the aerospace company’s stock after selling 47,968 shares during the quarter. Brown Advisory Inc.’s holdings in Curtiss-Wright were worth $84,018,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp raised its position in Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after purchasing an additional 16,962 shares during the period. Geode Capital Management LLC raised its position in Curtiss-Wright by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after purchasing an additional 47,287 shares during the period. TD Asset Management Inc raised its position in Curtiss-Wright by 0.3% in the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock valued at $429,754,000 after purchasing an additional 2,153 shares during the period. Massachusetts Financial Services Co. MA raised its position in Curtiss-Wright by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after purchasing an additional 39,515 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Curtiss-Wright by 5.3% in the third quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after buying an additional 37,069 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

CW has been the subject of a number of research reports. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Citigroup lifted their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed 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 company’s stock. According to data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $746.67.

Curtiss-Wright Trading Up 0.0%

NYSE:CW opened at $758.19 on Monday. The stock has a 50-day simple moving average of $726.95 and a 200-day simple moving average of $665.26. The stock has a market cap of $28.01 billion, a P/E ratio of 55.54, a P/E/G ratio of 3.51 and a beta of 0.85. Curtiss-Wright Corporation has a 1 year low of $458.74 and a 1 year high of $768.65. 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 (NYSE:CW) last posted its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business had revenue of $913.69 million during the quarter, compared to the consensus estimate of $863.83 million. During the same period in the previous year, the business earned $2.82 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Insider Activity

In other Curtiss-Wright news, CFO K Christopher Farkas sold 918 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total transaction of $621,908.28. Following the completion of the sale, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at $3,738,224.28. This represents a 14.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares in the company, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,080 shares of company stock worth $6,297,278 over the last quarter. 0.51% of the stock is owned by insiders.

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.