Curtiss-Wright Corporation $CW Shares Bought by WCM Investment Management LLC

Key Points

• WCM Investment Management LLC increased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 8.3% during Q2, owning 6,025 shares valued at $2,938,000.
• Curtiss-Wright reported a quarterly earnings per share (EPS) of $3.23, exceeding analyst estimates of $3.13, and had a revenue increase of 11.7% year-over-year.
• The company declared a quarterly dividend of $0.24 per share, resulting in a dividend yield of 0.2% and a payout ratio of 8.10%.

WCM Investment Management LLC grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,025 shares of the aerospace company's stock after purchasing an additional 464 shares during the period. WCM Investment Management LLC's holdings in Curtiss-Wright were worth $2,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Robeco Institutional Asset Management B.V. raised its position in shares of Curtiss-Wright by 0.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company's stock worth $2,188,000 after buying an additional 37 shares during the period. Alliance Wealth Advisors LLC UT raised its position in shares of Curtiss-Wright by 1.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 4,505 shares of the aerospace company's stock worth $1,429,000 after buying an additional 43 shares during the period. Signaturefd LLC raised its position in shares of Curtiss-Wright by 10.3% in the 1st quarter. Signaturefd LLC now owns 473 shares of the aerospace company's stock worth $150,000 after buying an additional 44 shares during the period. Greenleaf Trust raised its position in shares of Curtiss-Wright by 6.8% in the 1st quarter. Greenleaf Trust now owns 736 shares of the aerospace company's stock worth $234,000 after buying an additional 47 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Curtiss-Wright by 10.5% in the 2nd quarter. UMB Bank n.a. now owns 493 shares of the aerospace company's stock worth $241,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Down 1.1%

NYSE:CW opened at $550.25 on Friday. The company has a market capitalization of $20.73 billion, a price-to-earnings ratio of 46.43, a price-to-earnings-growth ratio of 3.16 and a beta of 1.14. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $575.07. The stock has a 50-day simple moving average of $509.35 and a 200 day simple moving average of $451.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95.

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

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued 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 of this dividend was Friday, September 26th. Curtiss-Wright's payout ratio is 8.10%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CW shares. Citigroup increased their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. 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. Stifel Nicolaus increased their price target on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a report on Friday, August 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $519.57.

Insider Buying and Selling at Curtiss-Wright

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

Curtiss-Wright 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.

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