Barclays PLC Has $45.42 Million Stock Holdings in Curtiss-Wright Corporation $CW

Key Points

• Barclays PLC boosted its Curtiss‑Wright stake by 116.6% in Q3 to 83,649 shares worth about $45.42 million, roughly 0.23% of the company.
• Curtiss‑Wright topped estimates with $3.79 EPS and $946.98M revenue (revenue up 14.9%), is trading near its 52‑week high, and carries an average analyst rating of "Moderate Buy" with a $663.17 average price target.
• Insiders sold 17,269 shares totaling about $10.8 million in the last 90 days (including recent sales by the COO and a VP), and insiders now own just 0.55% of the stock.

Barclays PLC grew its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 116.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,649 shares of the aerospace company's stock after purchasing an additional 45,030 shares during the quarter. Barclays PLC owned about 0.23% of Curtiss-Wright worth $45,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CW. TD Asset Management Inc increased its holdings in Curtiss-Wright by 0.3% during the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company's stock worth $429,754,000 after buying an additional 2,153 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Curtiss-Wright by 31.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company's stock valued at $395,665,000 after acquiring an additional 174,592 shares during the period. Norges Bank bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $241,537,000. American Century Companies Inc. increased its stake in shares of Curtiss-Wright by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 394,204 shares of the aerospace company's stock worth $214,029,000 after purchasing an additional 54,197 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Curtiss-Wright by 45.8% during the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company's stock worth $189,468,000 after purchasing an additional 122,048 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Buying and Selling at Curtiss-Wright

In related news, COO Kevin Rayment sold 2,634 shares of the business's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the completion of the sale, the chief operating officer directly owned 29,896 shares in the company, valued at $18,724,761.68. The trade was a 8.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert F. Freda sold 418 shares of the company's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.95, for a total value of $262,065.10. Following the completion of the transaction, the vice president directly owned 5,187 shares in the company, valued at approximately $3,251,989.65. This represents a 7.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,269 shares of company stock worth $10,797,098 in the last 90 days. Company insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CW shares. Citigroup raised their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a "neutral" rating in a research note on Friday, February 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Wall Street Zen upgraded Curtiss-Wright from a "hold" rating to a "buy" rating in a research note on Saturday, January 10th. Morgan Stanley reaffirmed an "overweight" rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average price target of $663.17.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $706.33 on Tuesday. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $730.12. The company has a market capitalization of $26.04 billion, a price-to-earnings ratio of 54.88, a PEG ratio of 3.32 and a beta of 0.91. The company has a 50-day simple moving average of $653.87 and a 200 day simple moving average of $580.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. The firm had revenue of $946.98 million for the quarter, compared to analysts' expectations of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business's revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.27 EPS. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright's dividend payout ratio (DPR) is 7.46%.

About Curtiss-Wright

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.

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