Lingohr Asset Management GmbH Trims Stock Position in Curtiss-Wright Corporation $CW

Key Points

• Lingohr Asset Management GmbH has reduced its holdings in Curtiss-Wright Corporation by 52.2% during the second quarter, now owning 457 shares valued at approximately $223,000.
• GAMMA Investing LLC made a significant increase in holdings by 44,878.7% in the first quarter, acquiring 259,527 shares valued at $82.34 million.
• Curtiss-Wright recently reported earnings of $3.23 EPS for the quarter, surpassing expectations, with revenue of $876.58 million, a year-over-year increase of 11.7%.

Lingohr Asset Management GmbH trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 52.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 457 shares of the aerospace company's stock after selling 500 shares during the quarter. Lingohr Asset Management GmbH's holdings in Curtiss-Wright were worth $223,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CW. GAMMA Investing LLC increased its holdings in Curtiss-Wright by 44,878.7% during the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock valued at $82,340,000 after buying an additional 258,950 shares during the period. Nuveen LLC purchased a new position in Curtiss-Wright during the first quarter valued at approximately $70,357,000. Wedge Capital Management L L P NC purchased a new position in Curtiss-Wright during the first quarter valued at approximately $55,639,000. Bank of New York Mellon Corp increased its holdings in Curtiss-Wright by 23.3% during 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 during the period. Finally, Millennium Management LLC increased its holdings in Curtiss-Wright by 135.0% during the first quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company's stock valued at $48,910,000 after buying an additional 88,557 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company's stock.

Curtiss-Wright Trading Down 0.2%

NYSE:CW opened at $509.88 on Monday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $517.09. The firm has a fifty day simple moving average of $486.75 and a 200-day simple moving average of $417.27. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $19.21 billion, a P/E ratio of 43.03, a PEG ratio of 3.12 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 EPS for the quarter, topping the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.67 earnings per share. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial cut 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 lifted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Finally, Citigroup lifted their price target 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $468.14.

Curtiss-Wright 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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