Barings LLC Purchases New Stake in Curtiss-Wright Corp. (CW)

Barings LLC purchased a new position in shares of Curtiss-Wright Corp. (NYSE:CW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,460 shares of the aerospace company’s stock, valued at approximately $475,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners boosted its stake in shares of Curtiss-Wright by 25.3% during the 2nd quarter. Boston Partners now owns 1,552,436 shares of the aerospace company’s stock worth $184,771,000 after acquiring an additional 313,643 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Curtiss-Wright by 12.0% during the 2nd quarter. Wells Fargo & Company MN now owns 853,231 shares of the aerospace company’s stock worth $101,551,000 after acquiring an additional 91,724 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Curtiss-Wright by 235.6% during the 2nd quarter. Millennium Management LLC now owns 516,426 shares of the aerospace company’s stock worth $61,465,000 after acquiring an additional 362,551 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Curtiss-Wright by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 361,433 shares of the aerospace company’s stock worth $49,668,000 after acquiring an additional 19,457 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Curtiss-Wright by 0.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 337,617 shares of the aerospace company’s stock worth $40,183,000 after acquiring an additional 2,437 shares in the last quarter. 75.20% of the stock is currently owned by institutional investors.

Shares of Curtiss-Wright stock opened at $110.53 on Friday. The stock has a market capitalization of $4.84 billion, a P/E ratio of 21.97, a P/E/G ratio of 1.41 and a beta of 1.40. Curtiss-Wright Corp. has a twelve month low of $105.77 and a twelve month high of $143.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.42 and a current ratio of 2.25.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.12. The firm had revenue of $595.40 million for the quarter, compared to analyst estimates of $628.27 million. Curtiss-Wright had a net margin of 10.98% and a return on equity of 17.59%. Curtiss-Wright’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. Sell-side analysts forecast that Curtiss-Wright Corp. will post 6.2 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Thursday, October 4th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, October 3rd. Curtiss-Wright’s dividend payout ratio is presently 11.93%.

In other Curtiss-Wright news, Director S Marce Fuller sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $133.07, for a total value of $166,337.50. Following the transaction, the director now directly owns 11,734 shares of the company’s stock, valued at approximately $1,561,443.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

CW has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. ValuEngine lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Stifel Nicolaus set a $120.00 price target on shares of Curtiss-Wright and gave the company a “hold” rating in a research note on Thursday. SunTrust Banks decreased their price target on shares of Curtiss-Wright to $148.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright in a research note on Tuesday, October 30th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $138.50.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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