Robeco Institutional Asset Management B.V. Purchases 55,852 Shares of Curtiss-Wright Corporation $CW

Robeco Institutional Asset Management B.V. increased its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 106.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 108,203 shares of the aerospace company’s stock after purchasing an additional 55,852 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Curtiss-Wright were worth $58,843,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. Primecap Management Co. CA bought a new stake in Curtiss-Wright during the second quarter worth $390,106,000. Bank of New York Mellon Corp bought a new stake in Curtiss-Wright during the second quarter worth $270,458,000. William Blair Investment Management LLC bought a new stake in Curtiss-Wright during the second quarter worth $240,442,000. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $124,673,000. 82.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CW shares. Piper Sandler initiated coverage on Curtiss-Wright in a report on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 target price on the stock. Citigroup lowered their price target on Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Morgan Stanley dropped their price objective on Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Finally, Guggenheim initiated coverage on Curtiss-Wright in a research note on Monday, September 14th. They issued a “buy” rating and a $786.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus price target of $686.25.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $474.36 on Friday. The company’s 50 day moving average price is $562.58 and its two-hundred day moving average price is $674.47. The firm has a market capitalization of $17.52 billion, a P/E ratio of 32.65, a P/E/G ratio of 2.07 and a beta of 0.88. Curtiss-Wright Corporation has a fifty-two week low of $469.15 and a fifty-two week high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. The company had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.23 earnings per share. On average, equities analysts forecast that Curtiss-Wright Corporation will post 15.33 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were issued a dividend of $0.26 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, September 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.16%.

Insiders Place Their Bets

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the transaction, the executive vice president owned 2,736 shares of the company’s stock, valued at $1,694,842.56. This represents a 27.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Larry D. Wyche sold 100 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the transaction, the director owned 1,414 shares of the company’s stock, valued at $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.51% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.