Curtiss-Wright Corporation $CW Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in Curtiss-Wright Corporation (NYSE:CW) by 61.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 490,489 shares of the aerospace company’s stock after purchasing an additional 185,887 shares during the quarter. Franklin Resources Inc.’s holdings in Curtiss-Wright were worth $270,392,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CW. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $31,000. Larson Financial Group LLC grew its position in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $43,000. Sunbelt Securities Inc. acquired a new stake in shares of Curtiss-Wright in the third quarter valued at about $43,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

CW opened at $733.05 on Wednesday. The firm has a market capitalization of $27.08 billion, a PE ratio of 53.70, a PEG ratio of 3.34 and a beta of 0.85. Curtiss-Wright Corporation has a twelve month low of $443.00 and a twelve month high of $760.72. The firm’s 50-day moving average price is $722.40 and its 200 day moving average price is $660.89. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. The firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. Curtiss-Wright’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 earnings per share. As a group, sell-side analysts expect that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s payout ratio is 7.03%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 918 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total transaction of $621,908.28. Following the transaction, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at $3,738,224.28. The trade was a 14.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gary A. Ogilby sold 252 shares of Curtiss-Wright stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $689.14, for a total transaction of $173,663.28. Following the transaction, the vice president directly owned 2,571 shares in the company, valued at $1,771,778.94. This trade represents a 8.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,181 shares of company stock valued at $4,204,919 over the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CW. Citigroup lifted their target price on shares of 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 restated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Finally, Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.