Hardman Johnston Global Advisors LLC Has $47.11 Million Holdings in Curtiss-Wright Corporation $CW

Key Points

• Hardman Johnston Global Advisors cut its stake in Curtiss‑Wright by 11.6% in Q4, leaving 85,449 shares valued at $47.11 million (about 0.23% of the company) and making CW its 13th largest holding (~2.2% of the firm's portfolio).
• Insiders have been selling: CEO Lynn M. Bamford sold 9,327 shares for roughly $5.84 million, part of 22,717 shares (~$14.53 million) sold by insiders over the quarter; insiders now own about 0.51% of the stock.
• Solid quarter and mixed market view: Curtiss‑Wright beat estimates (Q EPS $3.79 vs $3.66; revenue $947M, +14.9% YoY) and carries a MarketBeat consensus of "Moderate Buy" with an average target of $664.83 while the stock trades around $726.20.

Hardman Johnston Global Advisors LLC cut its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 11.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,449 shares of the aerospace company's stock after selling 11,211 shares during the quarter. Curtiss-Wright accounts for about 2.2% of Hardman Johnston Global Advisors LLC's investment portfolio, making the stock its 13th largest holding. Hardman Johnston Global Advisors LLC owned 0.23% of Curtiss-Wright worth $47,105,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its position in Curtiss-Wright by 1.2% during the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company's stock worth $780,091,000 after acquiring an additional 16,962 shares during the period. TD Asset Management Inc lifted its holdings in shares of Curtiss-Wright by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company's stock valued at $429,754,000 after buying an additional 2,153 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Curtiss-Wright by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company's stock valued at $423,519,000 after buying an additional 39,515 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Curtiss-Wright by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company's stock valued at $401,794,000 after buying an additional 37,069 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Curtiss-Wright by 25.5% during the 3rd quarter. AQR Capital Management LLC now owns 487,675 shares of the aerospace company's stock valued at $262,828,000 after buying an additional 99,182 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 9,327 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the transaction, the chief executive officer directly owned 46,192 shares in the company, valued at $28,936,978.40. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John C. Watts sold 652 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $625.57, for a total value of $407,871.64. Following the transaction, the executive vice president owned 3,890 shares of the company's stock, valued at approximately $2,433,467.30. This trade represents a 14.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 22,717 shares of company stock valued at $14,533,791. 0.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CW shares. Citigroup lifted their price target on Curtiss-Wright from $718.00 to $728.00 and gave the company a "neutral" rating in a report on Thursday, April 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Morgan Stanley reiterated an "overweight" rating and set a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Truist Financial set a $603.00 price target on Curtiss-Wright in a report on Friday, January 9th. Finally, Stifel Nicolaus lifted their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a "hold" rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $664.83.

Curtiss-Wright Stock Up 0.1%

CW opened at $726.20 on Monday. The business has a 50 day moving average price of $685.23 and a 200 day moving average price of $613.30. Curtiss-Wright Corporation has a twelve month low of $305.85 and a twelve month high of $739.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The firm has a market cap of $26.80 billion, a P/E ratio of 56.43, a price-to-earnings-growth ratio of 3.45 and a beta of 0.91.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The firm had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. During the same period in the previous year, the company earned $3.27 EPS. The company's revenue for the quarter was up 14.9% on a year-over-year basis. Research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright's payout ratio is 7.46%.

Curtiss-Wright Profile

Curtiss-Wright Corporation NYSE: CW is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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