Hardman Johnston Global Advisors LLC Has $42.45 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

Hardman Johnston Global Advisors LLC trimmed its holdings in Curtiss-Wright Co. (NYSE:CW) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,162 shares of the aerospace company’s stock after selling 6,125 shares during the period. Curtiss-Wright accounts for approximately 1.7% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 20th largest position. Hardman Johnston Global Advisors LLC owned about 0.34% of Curtiss-Wright worth $42,454,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CW. International Assets Investment Management LLC grew its position in Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after buying an additional 403,701 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew 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 period. Congress Asset Management Co. raised its holdings in shares of Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after buying an additional 265,205 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Curtiss-Wright during the second quarter valued at $41,383,000. Finally, Global Alpha Capital Management Ltd. grew its stake in Curtiss-Wright by 41.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after buying an additional 103,780 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insiders Place Their Bets

In related news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 value of $151,400.00. Following the sale, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent research reports. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Truist Financial boosted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $362.60.

Curtiss-Wright Stock Up 3.0 %

Curtiss-Wright stock opened at $360.41 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 1-year low of $203.22 and a 1-year high of $371.04. The company has a fifty day simple moving average of $331.53 and a 200 day simple moving average of $297.08. The company has a market cap of $13.68 billion, a P/E ratio of 34.10 and a beta of 1.17.

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 the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. The company had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. During the same quarter last year, the company earned $2.15 EPS. Curtiss-Wright’s revenue for the quarter was up 11.4% compared to the same quarter last year. Research analysts anticipate that Curtiss-Wright Co. will post 10.66 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

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.