DekaBank Deutsche Girozentrale Grows Stock Position in Curtiss-Wright Co. (NYSE:CW)

DekaBank Deutsche Girozentrale increased its holdings in Curtiss-Wright Co. (NYSE:CW) by 9.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,893 shares of the aerospace company’s stock after buying an additional 161 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Curtiss-Wright were worth $515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CW. Vanguard Group Inc. grew its position in shares of Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after acquiring an additional 18,939 shares during the period. Boston Partners lifted its position in Curtiss-Wright by 3.0% during the first quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after purchasing an additional 40,657 shares in the last quarter. Norges Bank bought a new stake in Curtiss-Wright during the fourth quarter valued at about $113,885,000. Global Alpha Capital Management Ltd. increased its position in Curtiss-Wright by 41.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after buying an additional 103,780 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after buying an additional 301,394 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Up 3.3 %

CW stock opened at $328.45 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. Curtiss-Wright Co. has a 1-year low of $190.64 and a 1-year high of $328.83. The business has a 50 day simple moving average of $295.28 and a two-hundred day simple moving average of $274.56. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 33.39 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. Curtiss-Wright’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company posted $2.15 earnings per share. Research analysts anticipate that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CW shares. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 12th. Finally, Robert W. Baird raised their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $307.50.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the sale, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders bought 120 shares of company stock valued at $27,914. Insiders own 0.67% of the company’s stock.

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.