Dimensional Fund Advisors LP Has $96.90 Million Stake in Curtiss-Wright Corp. (CW)
Dimensional Fund Advisors LP trimmed its holdings in shares of Curtiss-Wright Corp. (NYSE:CW) by 21.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 814,128 shares of the aerospace company’s stock after selling 216,049 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Curtiss-Wright were worth $96,895,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CW. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Curtiss-Wright during the 1st quarter worth about $105,000. Three Peaks Capital Management LLC acquired a new stake in shares of Curtiss-Wright during the 1st quarter worth about $111,000. Vigilant Capital Management LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $155,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Curtiss-Wright by 31.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,674 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 405 shares during the last quarter. Finally, Signition LP acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $202,000. 75.26% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on CW shares. Zacks Investment Research downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. ValuEngine raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. William Blair raised Curtiss-Wright from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $145.00 to $129.00 in a research report on Monday, July 2nd. They noted that the move was a valuation call. Finally, UBS Group started coverage on Curtiss-Wright in a research report on Wednesday, August 15th. They set a “neutral” rating and a $140.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Curtiss-Wright currently has an average rating of “Buy” and a consensus target price of $135.90.
Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, July 25th. The aerospace company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.52. The company had revenue of $620.00 million during the quarter, compared to the consensus estimate of $616.29 million. Curtiss-Wright had a return on equity of 17.26% and a net margin of 10.65%. Curtiss-Wright’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 EPS. sell-side analysts forecast that Curtiss-Wright Corp. will post 6.15 earnings per share for the current fiscal year.
Curtiss-Wright declared that its board has authorized a stock repurchase plan on Monday, May 21st that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the aerospace company to repurchase up to 0.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other Curtiss-Wright news, Director S Marce Fuller sold 1,250 shares of Curtiss-Wright stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $133.07, for a total value of $166,337.50. Following the completion of the transaction, the director now directly owns 11,734 shares of the company’s stock, valued at approximately $1,561,443.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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