Hardman Johnston Global Advisors LLC Has $56.73 Million Stake in Curtiss-Wright Corporation $CW

Key Points

• Hardman Johnston Global Advisors LLC reduced its stake in Curtiss-Wright Corporation by 4.9%, now holding approximately $56.73 million of the company's shares, which represent 2.5% of their investment portfolio.
• Curtiss-Wright's quarterly earnings report revealed an EPS of $3.23, surpassing estimates, with revenue of $876.58 million, indicating an 11.7% increase year-over-year.
• The company announced a quarterly dividend of $0.24 per share, set to be paid on October 10th, with a current dividend yield of 0.2%.

Hardman Johnston Global Advisors LLC trimmed its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,111 shares of the aerospace company's stock after selling 5,994 shares during the period. Curtiss-Wright makes up about 2.5% of Hardman Johnston Global Advisors LLC's investment portfolio, making the stock its 13th biggest position. Hardman Johnston Global Advisors LLC owned approximately 0.31% of Curtiss-Wright worth $56,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. Squarepoint Ops LLC increased its stake in shares of Curtiss-Wright by 5.7% in the 4th quarter. Squarepoint Ops LLC now owns 904 shares of the aerospace company's stock valued at $321,000 after buying an additional 49 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Curtiss-Wright by 6.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company's stock valued at $2,254,000 after acquiring an additional 405 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Curtiss-Wright by 27.8% in the first quarter. Parallel Advisors LLC now owns 294 shares of the aerospace company's stock valued at $93,000 after acquiring an additional 64 shares during the last quarter. NBC Securities Inc. acquired a new position in Curtiss-Wright during the 1st quarter valued at about $263,000. Finally, Merit Financial Group LLC lifted its position in Curtiss-Wright by 83.2% during the 1st quarter. Merit Financial Group LLC now owns 1,083 shares of the aerospace company's stock valued at $344,000 after purchasing an additional 492 shares during the period. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Down 0.8%

Shares of Curtiss-Wright stock opened at $538.03 on Friday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $550.88. The business has a 50-day moving average of $498.16 and a two-hundred day moving average of $435.74. The company has a market capitalization of $20.27 billion, a P/E ratio of 45.40, a price-to-earnings-growth ratio of 3.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35.

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

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be 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 is Friday, September 26th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.10%.

Wall Street Analyst Weigh In

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

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction dated 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 transaction, the vice president 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is currently owned by insiders.

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.

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