Curtiss-Wright Corporation $CW Stock Position Raised by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management more than doubled its Curtiss-Wright stake in the third quarter, purchasing 55,852 additional shares to hold 108,203 shares valued at approximately $58.8 million.
• Curtiss-Wright reported quarterly EPS of $3.72, exceeding estimates, while revenue rose 5.4% year over year to $924 million. The company also increased its quarterly dividend from $0.24 to $0.26 per share.
• The stock opened at $474.36, down 4.0%, and remains well below its 12-month high of $808.16. Analyst sentiment is “Moderate Buy,” with a consensus price target of $686.25, although recent ratings included downgrades and price-target cuts.

Robeco Institutional Asset Management B.V. raised its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 106.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,203 shares of the aerospace company's stock after purchasing an additional 55,852 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.29% of Curtiss-Wright worth $58,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in shares of Curtiss-Wright in the second quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Curtiss-Wright in the second quarter valued at about $30,000. Fiduciary Financial Advisors acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $31,000. Elevation Wealth Partners LLC lifted its stake in shares of Curtiss-Wright by 237.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company's stock worth $41,000 after buying an additional 38 shares during the last quarter. Finally, Signature Equity Partners LLC lifted its stake in shares of Curtiss-Wright by 140.0% during the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company's stock worth $41,000 after buying an additional 35 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Larry D. Wyche sold 100 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the sale, the director directly owned 1,414 shares of the company's stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John C. Watts sold 1,035 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the transaction, the executive vice president owned 2,736 shares in the company, valued at $1,694,842.56. The trade was a 27.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.51% of the company's stock.

Curtiss-Wright Stock Down 4.0%

Shares of CW opened at $474.36 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 12 month low of $469.15 and a 12 month high of $808.16. The firm's 50 day moving average is $562.58 and its 200-day moving average is $674.47. The stock has a market capitalization of $17.52 billion, a PE ratio of 32.65, a P/E/G ratio of 2.07 and a beta of 0.88.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. The business had revenue of $924.01 million during the quarter, compared to analysts' expectations of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 earnings per share. Equities research analysts forecast that Curtiss-Wright Corporation will post 15.33 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $1.04 annualized dividend and a yield of 0.2%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.24. Curtiss-Wright's payout ratio is presently 7.16%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings cut shares of Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. Guggenheim assumed coverage on shares of Curtiss-Wright in a report on Monday, September 14th. They issued a "buy" rating and a $786.00 price target on the stock. Stifel Nicolaus cut their price objective on shares of Curtiss-Wright from $700.00 to $518.00 and set a "hold" rating for the company in a research report on Monday. Finally, Piper Sandler started coverage on Curtiss-Wright in a report on Wednesday, September 2nd. They set a "neutral" rating and a $665.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $686.25.

About Curtiss-Wright

Curtiss-Wright Corporation NYSE: CW is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.

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