Envestnet Asset Management Inc. Raises Holdings in Curtiss-Wright Co. (NYSE:CW)

Envestnet Asset Management Inc. increased its position in Curtiss-Wright Co. (NYSE:CW) by 2.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 120,271 shares of the aerospace company’s stock after purchasing an additional 3,296 shares during the period. Envestnet Asset Management Inc. owned 0.31% of Curtiss-Wright worth $32,591,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Curtiss-Wright by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after buying an additional 18,939 shares during the period. Boston Partners increased its holdings in shares of Curtiss-Wright by 3.0% in the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after acquiring an additional 40,657 shares during the period. Norges Bank purchased a new stake in Curtiss-Wright in the 4th quarter valued at $113,885,000. Global Alpha Capital Management Ltd. boosted its stake in Curtiss-Wright by 41.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after purchasing an additional 103,780 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after purchasing an additional 301,394 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have bought a total of 120 shares of company stock worth $27,914 over the last ninety days. 0.67% of the stock is currently owned by company insiders.

Curtiss-Wright Trading Up 3.3 %

Shares of Curtiss-Wright stock opened at $328.45 on Friday. Curtiss-Wright Co. has a 52-week low of $190.64 and a 52-week high of $328.83. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $295.28 and its 200-day simple moving average is $274.56. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 33.83 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same period in the previous year, the business posted $2.15 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.21 per share. The ex-dividend date 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 (DPR) is 8.65%.

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.