Dimensional Fund Advisors LP Cuts Stock Position in Curtiss-Wright Co. (NYSE:CW)

Dimensional Fund Advisors LP lessened its stake in Curtiss-Wright Co. (NYSE:CW – Get Rating) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 615,909 shares of the aerospace company’s stock after selling 9,211 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Curtiss-Wright were worth $102,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CW. American Century Companies Inc. grew its holdings in shares of Curtiss-Wright by 16.9% during the first quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock worth $614,000 after buying an additional 593 shares in the last quarter. US Bancorp DE grew its holdings in shares of Curtiss-Wright by 15.4% in the first quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock valued at $849,000 after purchasing an additional 756 shares during the period. PNC Financial Services Group Inc. lifted its position in Curtiss-Wright by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock valued at $1,141,000 after buying an additional 121 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Curtiss-Wright in the first quarter valued at about $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Curtiss-Wright by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock valued at $2,159,000 after buying an additional 1,371 shares during the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 1,337 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $171.10, for a total value of $228,760.70. Following the completion of the sale, the chief executive officer now owns 18,998 shares in the company, valued at approximately $3,250,557.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Curtiss-Wright news, CEO Lynn M. Bamford sold 1,337 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $171.10, for a total value of $228,760.70. Following the completion of the sale, the chief executive officer now owns 18,998 shares in the company, valued at approximately $3,250,557.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kevin Rayment sold 1,055 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $171.00, for a total value of $180,405.00. Following the sale, the chief operating officer now owns 16,849 shares of the company’s stock, valued at approximately $2,881,179. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,595 shares of company stock worth $444,305. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $196.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. William Blair assumed coverage on shares of Curtiss-Wright in a research report on Friday. They set an “outperform” rating on the stock. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Truist Financial raised their target price on shares of Curtiss-Wright from $183.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $186.80.

Curtiss-Wright Stock Performance

Shares of CW opened at $163.51 on Monday. The company’s 50 day simple moving average is $170.28 and its 200-day simple moving average is $170.30. Curtiss-Wright Co. has a 12-month low of $124.37 and a 12-month high of $182.55. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.60. The firm has a market cap of $6.27 billion, a PE ratio of 20.34 and a beta of 1.24.

Curtiss-Wright (NYSE:CW – Get Rating) last released its earnings results on Wednesday, May 3rd. The aerospace company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The company had revenue of $631.00 million during the quarter, compared to the consensus estimate of $585.49 million. Curtiss-Wright had a return on equity of 16.54% and a net margin of 11.81%. Curtiss-Wright’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 earnings per share. As a group, equities analysts predict that Curtiss-Wright Co. will post 8.84 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, June 15th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.19. Curtiss-Wright’s dividend payout ratio (DPR) is currently 9.45%.

About Curtiss-Wright

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Curtiss-Wright Corp. is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.