Hardman Johnston Global Advisors LLC Has $47.11 Million Holdings in Curtiss-Wright Corporation $CW

by · The Markets Daily

Hardman Johnston Global Advisors LLC cut its holdings in shares of Curtiss-Wright Corporation (NYSE:CWFree Report) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,449 shares of the aerospace company’s stock after selling 11,211 shares during the quarter. Curtiss-Wright comprises 2.2% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Hardman Johnston Global Advisors LLC’s holdings in Curtiss-Wright were worth $47,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CW. Atlantic Union Bankshares Corp bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $26,000. Larson Financial Group LLC increased its position in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the period. First Horizon Corp bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $34,000. Sunbelt Securities Inc. bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $43,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $45,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Up 0.1%

Shares of NYSE:CW opened at $726.20 on Monday. Curtiss-Wright Corporation has a 52 week low of $305.85 and a 52 week high of $739.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The company’s fifty day moving average is $685.23 and its 200-day moving average is $613.30. The company has a market capitalization of $26.80 billion, a PE ratio of 56.43, a P/E/G ratio of 3.45 and a beta of 0.91.

Curtiss-Wright (NYSE:CWGet Free Report) last issued its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. During the same quarter in the previous year, the company earned $3.27 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities research analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s payout ratio is currently 7.46%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CW. Citigroup boosted their price objective on Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Finally, Truist Financial set a $603.00 price target on Curtiss-Wright in a research note on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $664.83.

View Our Latest Report on CW

Insider Activity at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $678.11, for a total transaction of $149,184.20. Following the sale, the executive vice president owned 4,182 shares in the company, valued at approximately $2,835,856.02. This represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kevin Rayment sold 907 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total value of $614,383.66. Following the sale, the chief operating officer owned 31,493 shares in the company, valued at $21,332,728.34. The trade was a 2.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 22,717 shares of company stock valued at $14,533,791. 0.51% of the stock is currently owned by company insiders.

About Curtiss-Wright

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corporation (NYSE:CWFree Report).