First Eagle Investment Management LLC Raises Holdings in Curtiss-Wright Co. (NYSE:CW)

First Eagle Investment Management LLC increased its position in Curtiss-Wright Co. (NYSE:CW) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,892 shares of the aerospace company’s stock after buying an additional 3,135 shares during the period. First Eagle Investment Management LLC owned 0.13% of Curtiss-Wright worth $13,249,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Curtiss-Wright by 0.5% in the 1st 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 last quarter. Boston Partners grew its position in Curtiss-Wright by 3.0% in the first quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock worth $356,684,000 after acquiring an additional 40,657 shares in the last quarter. Norges Bank bought a new stake in Curtiss-Wright during the fourth quarter worth approximately $113,885,000. Global Alpha Capital Management Ltd. lifted its stake in shares of Curtiss-Wright by 41.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after purchasing an additional 103,780 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Curtiss-Wright by 30,079.2% in 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 last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 1.3 %

NYSE:CW opened at $317.78 on Friday. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 32.73 and a beta of 1.18. Curtiss-Wright Co. has a twelve month low of $190.64 and a twelve month high of $318.97. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $294.55 and a 200-day simple moving average of $274.26.

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

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.21 dividend. 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 currently 8.65%.

Insiders Place Their Bets

In other news, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. Insiders have bought 120 shares of company stock worth $27,914 in the last ninety days. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CW. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Finally, Robert W. Baird increased their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $307.50.

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.