Axiom Investors LLC DE Acquires Shares of 139,482 Curtiss-Wright Corporation $CW

Axiom Investors LLC DE acquired a new stake in Curtiss-Wright Corporation (NYSE:CW) during the fourth quarter, HoldingsChannel reports. The fund acquired 139,482 shares of the aerospace company’s stock, valued at approximately $76,892,000. Curtiss-Wright makes up approximately 0.7% of Axiom Investors LLC DE’s investment portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in Curtiss-Wright by 738.8% in the fourth quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock valued at $14,335,000 after buying an additional 22,903 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Curtiss-Wright in the third quarter valued at about $37,812,000. Grove Bank & Trust acquired a new stake in Curtiss-Wright in the fourth quarter valued at about $1,104,000. Fisher Asset Management LLC boosted its stake in Curtiss-Wright by 7.2% in the third quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company’s stock valued at $65,443,000 after buying an additional 8,095 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Curtiss-Wright by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company’s stock valued at $100,567,000 after buying an additional 7,022 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

Shares of CW opened at $733.05 on Wednesday. Curtiss-Wright Corporation has a 1 year low of $443.00 and a 1 year high of $760.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The company has a market capitalization of $27.08 billion, a price-to-earnings ratio of 53.70, a price-to-earnings-growth ratio of 3.34 and a beta of 0.85. The business has a 50-day moving average of $722.40 and a 200-day moving average of $660.89.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company had revenue of $913.69 million during the quarter, compared to the consensus estimate of $863.83 million. During the same period last year, the company earned $2.82 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors 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 (DPR) is currently 7.03%.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 3,225 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the completion of the sale, the chief executive officer owned 50,634 shares of the company’s stock, valued at $34,264,027.80. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John C. Watts sold 220 shares of the firm’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 sale, the executive vice president directly owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,181 shares of company stock valued at $4,204,919 over the last ninety days. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CW shares. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Citigroup increased their target price on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley reiterated an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $746.67.

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.