William Blair Investment Management LLC Sells 32,255 Shares of Curtiss-Wright Corporation $CW

William Blair Investment Management LLC trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 277,837 shares of the aerospace company’s stock after selling 32,255 shares during the quarter. William Blair Investment Management LLC’s holdings in Curtiss-Wright were worth $153,163,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Catalyst Funds Management Pty Ltd increased its position in Curtiss-Wright by 72.8% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock worth $4,097,000 after acquiring an additional 3,132 shares during the period. Lisanti Capital Growth LLC increased its position in Curtiss-Wright by 0.7% during the fourth quarter. Lisanti Capital Growth LLC now owns 2,845 shares of the aerospace company’s stock worth $1,568,000 after acquiring an additional 20 shares during the period. MQS Management LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $479,000. EverSource Wealth Advisors LLC increased its holdings in Curtiss-Wright by 14.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 681 shares of the aerospace company’s stock valued at $375,000 after buying an additional 84 shares during the period. Finally, New Millennium Group LLC increased its holdings in Curtiss-Wright by 0.4% in the 4th quarter. New Millennium Group LLC now owns 11,515 shares of the aerospace company’s stock valued at $6,348,000 after buying an additional 48 shares during the period. 82.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on CW shares. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Citigroup raised their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Finally, Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $746.67.

Curtiss-Wright Trading Up 0.5%

Shares of Curtiss-Wright stock opened at $730.37 on Friday. The firm has a market capitalization of $26.98 billion, a PE ratio of 53.51, a price-to-earnings-growth ratio of 3.39 and a beta of 0.86. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $709.33 and its 200 day moving average is $646.26. Curtiss-Wright Corporation has a 1 year low of $413.35 and a 1 year high of $760.72.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 EPS. Equities research analysts forecast that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is 7.03%.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 3,225 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the sale, the chief executive officer directly owned 50,634 shares of the company’s stock, valued at approximately $34,264,027.80. The trade was a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kevin Rayment sold 907 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total transaction of $614,383.66. Following the sale, the chief operating officer directly owned 31,493 shares in the company, valued at $21,332,728.34. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,961 shares of company stock worth $4,039,279 in the last ninety days. Insiders own 0.51% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.