Curtiss-Wright Corporation $CW Holdings Lowered by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Curtiss-Wright Corporation by 3.1%, selling 12,096 shares, and now owns 374,672 shares valued at approximately $118.87 million.
• Curtiss-Wright recently reported strong quarterly earnings with an EPS of $3.23, surpassing analysts' expectations of $3.13, alongside a revenue increase of 11.7% compared to the previous year.
• The aerospace company’s stock has seen fluctuations, currently trading at $479.85, with a one-year range between $266.88 and $517.09.

Dimensional Fund Advisors LP trimmed its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 374,672 shares of the aerospace company's stock after selling 12,096 shares during the period. Dimensional Fund Advisors LP owned about 0.99% of Curtiss-Wright worth $118,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CW. Mariner LLC grew its position in shares of Curtiss-Wright by 8.3% during the 4th quarter. Mariner LLC now owns 3,508 shares of the aerospace company's stock valued at $1,245,000 after acquiring an additional 268 shares during the period. NewEdge Advisors LLC boosted its position in Curtiss-Wright by 2,229.3% during the fourth quarter. NewEdge Advisors LLC now owns 955 shares of the aerospace company's stock worth $339,000 after acquiring an additional 914 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $3,027,000. GeoWealth Management LLC boosted its stake in Curtiss-Wright by 15.6% during the fourth quarter. GeoWealth Management LLC now owns 318 shares of the aerospace company's stock worth $113,000 after buying an additional 43 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in Curtiss-Wright by 14.0% during the fourth quarter. MML Investors Services LLC now owns 11,153 shares of the aerospace company's stock worth $3,958,000 after buying an additional 1,367 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at Curtiss-Wright

In other news, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the sale, the director directly owned 4,523 shares of the company's stock, valued at $2,026,304. The trade was a 29.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John C. Watts sold 1,110 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president owned 3,863 shares of the company's stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,460 shares of company stock worth $1,586,767 in the last quarter. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Stock Down 0.2%

Shares of CW traded down $0.80 during mid-day trading on Wednesday, hitting $490.31. 72,802 shares of the company's stock were exchanged, compared to its average volume of 313,972. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 41.37, a P/E/G ratio of 2.93 and a beta of 1.18. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $517.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The stock's 50-day moving average is $484.84 and its 200-day moving average is $402.32.

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

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.