Curtiss-Wright Co. (NYSE:CW) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 219,617 shares of the aerospace company’s stock after acquiring an additional 35,304 shares during the quarter. Driehaus Capital Management LLC owned 0.57% of Curtiss-Wright worth $59,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Curtiss-Wright by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after purchasing an additional 18,939 shares during the last quarter. Boston Partners raised its stake in Curtiss-Wright by 3.0% during the 1st 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. Global Alpha Capital Management Ltd. lifted 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 valued at $90,299,000 after acquiring an additional 103,780 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in 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 valued at $81,943,000 after acquiring an additional 301,394 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Curtiss-Wright by 18.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 247,225 shares of the aerospace company’s stock worth $55,079,000 after purchasing an additional 38,986 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the company’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 completion of 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 SEC, which is available at this hyperlink. Insiders have acquired 120 shares of company stock worth $27,914 over the last quarter. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Stock Down 0.2 %

Shares of NYSE CW opened at $325.52 on Friday. The firm’s 50-day moving average is $300.91 and its two-hundred day moving average is $278.18. The company has a market capitalization of $12.47 billion, a PE ratio of 33.52 and a beta of 1.18. Curtiss-Wright Co. has a 12-month low of $190.64 and a 12-month high of $333.73. 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 (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. The business had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 earnings per share. Equities analysts anticipate that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird upped their price target 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. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.50.

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.