Curtiss-Wright Corporation $CW Stock Holdings Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,103 shares of the aerospace company’s stock after selling 1,270 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Curtiss-Wright were worth $13,011,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. State Street Corp grew its position in Curtiss-Wright by 1.2% during the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after purchasing an additional 16,962 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Curtiss-Wright by 7.9% in the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after purchasing an additional 88,688 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Curtiss-Wright by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after buying an additional 47,287 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Curtiss-Wright by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after buying an additional 39,515 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Curtiss-Wright by 9.3% during the fourth quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock valued at $293,972,000 after buying an additional 45,589 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW opened at $725.11 on Monday. The stock has a fifty day moving average price of $745.76 and a 200 day moving average price of $711.52. 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 Corporation has a 1 year low of $464.91 and a 1 year high of $808.16. The stock has a market cap of $26.79 billion, a price-to-earnings ratio of 53.12, a PEG ratio of 3.32 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $863.83 million. During the same period in the prior year, the firm posted $2.82 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. Analysts forecast that Curtiss-Wright Corporation will post 15.22 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is presently 7.62%.

Insider Buying and Selling

In related news, EVP John C. Watts sold 220 shares of the 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 transaction, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 that occurred 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 transaction, the chief executive officer directly owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was a 4.94% 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. Over the last quarter, insiders have sold 3,119 shares of company stock worth $2,257,998. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CW shares. Citigroup upped their price target on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $773.67.

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.