Curtiss-Wright Co. (NYSE:CW) Stock Position Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 14.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 435,923 shares of the aerospace company’s stock after selling 73,727 shares during the period. Dimensional Fund Advisors LP owned about 1.14% of Curtiss-Wright worth $118,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake 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 valued at $81,943,000 after purchasing an additional 301,394 shares during the period. Assenagon Asset Management S.A. acquired a new position in Curtiss-Wright during the second quarter valued at $41,383,000. Public Employees Retirement Association of Colorado lifted its stake in Curtiss-Wright by 1,901.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock worth $33,502,000 after acquiring an additional 142,863 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its position 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 acquiring an additional 103,780 shares during the period. Finally, Van ECK Associates Corp grew its stake in Curtiss-Wright by 79.2% during the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock valued at $53,318,000 after acquiring an additional 86,955 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Curtiss-Wright Stock Performance

Shares of CW opened at $328.50 on Monday. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 33.83 and a beta of 1.18. The company’s fifty day moving average is $296.25 and its 200-day moving average is $275.67. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12 month low of $190.64 and a 12 month high of $328.83.

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

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Insider Activity

In related news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought a total of 120 shares of company stock valued at $27,914 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

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.