Boston Partners Sells 784,876 Shares of Curtiss-Wright Corporation $CW

Key Points

• Boston Partners significantly reduced its holdings in Curtiss-Wright Corporation by 87.5%, ending the first quarter with 112,074 shares valued at approximately $35.6 million.
• Several hedge funds adjusted their positions, with notable increases including Whipplewood Advisors raising their stake by 1,566.7% during the same period.
• Curtiss-Wright reported an earnings per share of $3.23 for the last quarter, surpassing analyst expectations and reflecting a revenue increase of 11.7% compared to the previous year.

Boston Partners lowered its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 87.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,074 shares of the aerospace company's stock after selling 784,876 shares during the period. Boston Partners owned approximately 0.30% of Curtiss-Wright worth $35,564,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CW. Russell Investments Group Ltd. lifted its position in shares of Curtiss-Wright by 13.0% in the 1st quarter. Russell Investments Group Ltd. now owns 20,930 shares of the aerospace company's stock worth $6,641,000 after buying an additional 2,415 shares during the last quarter. Nuveen LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter worth approximately $70,357,000. Aigen Investment Management LP acquired a new position in shares of Curtiss-Wright in the first quarter worth about $302,000. Entropy Technologies LP acquired a new position in shares of Curtiss-Wright in the first quarter worth about $1,059,000. Finally, Global Alpha Capital Management Ltd. boosted its holdings in shares of Curtiss-Wright by 40.6% during the first quarter. Global Alpha Capital Management Ltd. now owns 117,597 shares of the aerospace company's stock worth $37,310,000 after purchasing an additional 33,960 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial dropped their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Robert W. Baird upped their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Citigroup boosted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Price Performance

Shares of CW traded up $0.3720 during trading hours on Wednesday, reaching $480.1220. 204,070 shares of the company's stock traded hands, compared to its average volume of 367,757. The firm's 50 day simple moving average is $483.94 and its 200-day simple moving average is $398.26. The stock has a market cap of $18.09 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 2.94 and a beta of 1.18. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $517.09. 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 earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the previous year, the company posted $2.67 EPS. Curtiss-Wright's quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the sale, the vice president directly owned 4,959 shares of the company's stock, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director directly owned 4,523 shares in the company, valued at $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

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.