Acadian Asset Management LLC Purchases 3,889 Shares of Curtiss-Wright Corporation $CW

Key Points

• Acadian Asset Management LLC significantly increased its stake in Curtiss-Wright Corporation by 336.1% in Q1, owning 5,046 shares valued at approximately $1.6 million at the end of the reporting period.
• The company's recent earnings report indicated an EPS of $3.23, surpassing estimates, with revenue rising by 11.7% year-over-year.
• Curtiss-Wright has announced a quarterly dividend of $0.24 per share, with a dividend yield of 0.2%, set to be paid on October 10th.

Acadian Asset Management LLC grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 336.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,046 shares of the aerospace company's stock after acquiring an additional 3,889 shares during the quarter. Acadian Asset Management LLC's holdings in Curtiss-Wright were worth $1,599,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CW. Whipplewood Advisors LLC boosted its stake in shares of Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after buying an additional 94 shares during the last quarter. 1 North Wealth Services LLC bought a new stake in shares of Curtiss-Wright in the first quarter worth about $32,000. Private Trust Co. NA boosted its position in Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 138 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Curtiss-Wright by 165.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after acquiring an additional 124 shares in the last quarter. Finally, Tsfg LLC lifted its position in Curtiss-Wright by 112.7% in the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock valued at $69,000 after acquiring an additional 115 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares of the company's stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Stock Performance

CW traded up $0.48 during midday trading on Friday, hitting $513.28. 510,569 shares of the company were exchanged, compared to its average volume of 224,897. The firm has a market capitalization of $19.34 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $525.84. The company's 50 day simple moving average is $489.80 and its 200 day simple moving average is $422.60. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.67 EPS. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright's payout ratio is 8.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CW. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Citigroup upped their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Truist Financial lowered their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Finally, Morgan Stanley increased their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.