Oddo BHF Asset Management Sas Acquires New Position in Curtiss-Wright Corporation $CW

Oddo BHF Asset Management Sas acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,803 shares of the aerospace company’s stock, valued at approximately $10,917,000.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in Curtiss-Wright by 738.8% during the 4th quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock valued at $14,335,000 after purchasing an additional 22,903 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Curtiss-Wright during the 3rd quarter valued at about $37,812,000. Grove Bank & Trust purchased a new stake in Curtiss-Wright during the 4th quarter valued at about $1,104,000. Fisher Asset Management LLC grew its position in Curtiss-Wright by 7.2% during the 3rd quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company’s stock valued at $65,443,000 after purchasing an additional 8,095 shares during the last quarter. Finally, CWM LLC boosted its holdings 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 last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $762.18 on Tuesday. Curtiss-Wright Corporation has a twelve month low of $458.74 and a twelve month high of $772.98. The stock has a market capitalization of $28.15 billion, a PE ratio of 55.84, a price-to-earnings-growth ratio of 3.51 and a beta of 0.85. The firm’s 50 day moving average price is $728.28 and its 200-day moving average price is $666.72. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last released 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 company had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter last year, the business earned $2.82 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts expect that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.03%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Citigroup raised their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Finally, Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $746.67.

Insider Activity at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the transaction, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 3,371 shares of company stock valued at $2,431,662. 0.51% of the stock is owned by corporate insiders.

Curtiss-Wright 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.