Curtiss-Wright Corporation $CW Shares Purchased by Wealth High Governance Asset Management Ltda.

Wealth High Governance Asset Management Ltda. increased its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 34.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,850 shares of the aerospace company’s stock after buying an additional 3,824 shares during the period. Curtiss-Wright comprises 3.6% of Wealth High Governance Asset Management Ltda.’s portfolio, making the stock its 7th largest holding. Wealth High Governance Asset Management Ltda.’s holdings in Curtiss-Wright were worth $10,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. State Street Corp increased its position in shares of Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after buying an additional 16,962 shares in the last quarter. Invesco Ltd. increased its holdings in Curtiss-Wright by 7.9% during the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after acquiring an additional 88,688 shares in the last quarter. Geode Capital Management LLC increased its holdings in Curtiss-Wright by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after acquiring an additional 47,287 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Curtiss-Wright by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after purchasing an additional 39,515 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Curtiss-Wright by 9.3% during the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock worth $293,972,000 after purchasing an additional 45,589 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction dated 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 directly owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president owned 2,172 shares of the company’s stock, valued at $1,568,075.40. The trade was a 15.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock worth $2,257,998 in the last three months. 0.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Curtiss-Wright Stock Performance

NYSE:CW opened at $725.11 on Monday. The company has a market cap of $26.79 billion, a P/E ratio of 53.12, a P/E/G ratio of 3.32 and a beta of 0.87. The firm’s 50 day moving average is $745.76 and its two-hundred day moving average is $711.52. Curtiss-Wright Corporation has a fifty-two week low of $464.91 and a fifty-two week high of $808.16. 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 quarterly earnings data 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 return on equity of 20.00% and a net margin of 14.17%.The business had revenue of $913.69 million during the quarter, compared to the consensus estimate of $863.83 million. During the same period in the prior year, the firm posted $2.82 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts expect that Curtiss-Wright Corporation will post 15.22 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.62%.

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.