Dimensional Fund Advisors LP Sells 46,331 Shares of Curtiss-Wright Corporation $CW

Dimensional Fund Advisors LP decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 16.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 243,025 shares of the aerospace company’s stock after selling 46,331 shares during the period. Dimensional Fund Advisors LP’s holdings in Curtiss-Wright were worth $165,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in Curtiss-Wright by 738.8% in the 4th quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock valued at $14,335,000 after acquiring an additional 22,903 shares in the last quarter. CWM LLC lifted its position in shares of Curtiss-Wright by 75.8% during the 4th quarter. CWM LLC now owns 18,425 shares of the aerospace company’s stock valued at $10,157,000 after acquiring an additional 7,944 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Curtiss-Wright by 114.8% during the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock worth $5,931,000 after purchasing an additional 5,749 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Curtiss-Wright by 16.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,667 shares of the aerospace company’s stock worth $8,115,000 after purchasing an additional 1,965 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Curtiss-Wright in the fourth quarter worth $1,104,000. Institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following 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 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 a total of 3,119 shares of company stock valued at $2,257,998 in the last quarter. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $749.68 on Friday. Curtiss-Wright Corporation has a 12-month low of $464.91 and a 12-month high of $808.16. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $745.86 and its two-hundred day moving average price is $706.41. The stock has a market cap of $27.69 billion, a PE ratio of 54.92, a P/E/G ratio of 3.44 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter in the prior year, the business earned $2.82 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts expect that Curtiss-Wright Corporation will post 15.22 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is presently 7.62%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, Citigroup upped their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $773.67.

Curtiss-Wright Company 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.