Fort Washington Investment Advisors Inc. OH Sells 11,163 Shares of Curtiss-Wright Corporation $CW

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stake in Curtiss-Wright Corporation by 27.3%, selling 11,163 shares and retaining approximately 29,783 shares valued at $14.55 million.
• Several institutional investors, including Bank of New York Mellon Corp and AQR Capital Management LLC, increased their stakes in Curtiss-Wright, which is heavily owned by institutional investors at 82.71%.
• Curtiss-Wright recently announced a quarterly dividend of $0.24 per share, with an annualized yield of 0.2%, to be paid on October 10th.

Fort Washington Investment Advisors Inc. OH trimmed its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 27.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,783 shares of the aerospace company's stock after selling 11,163 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.08% of Curtiss-Wright worth $14,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in shares of Curtiss-Wright by 23.3% in the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after buying an additional 104,393 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Curtiss-Wright by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock valued at $110,769,000 after acquiring an additional 5,007 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Curtiss-Wright by 25.6% in the 1st quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company's stock valued at $81,761,000 after acquiring an additional 54,289 shares during the period. GAMMA Investing LLC increased its stake in shares of Curtiss-Wright by 44,878.7% during the 1st quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock worth $82,340,000 after purchasing an additional 258,950 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Curtiss-Wright by 6.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company's stock worth $79,912,000 after acquiring an additional 14,684 shares during the period. Institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CW. Stifel Nicolaus increased their price target on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Truist Financial decreased their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Morgan Stanley raised their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Citigroup lifted their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus price target of $468.14.

Insiders Place Their Bets

In other news, VP John C. Watts sold 1,110 shares of the company's stock in a transaction 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 completion of the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Price Performance

NYSE:CW opened at $527.86 on Monday. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $532.22. 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 firm's 50-day simple moving average is $493.30 and its 200 day simple moving average is $431.31. The firm has a market cap of $19.89 billion, a price-to-earnings ratio of 44.55, a P/E/G ratio of 3.22 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the previous year, the firm posted $2.67 EPS. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright's dividend payout ratio (DPR) is 8.10%.

About Curtiss-Wright

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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