Curtiss-Wright Corporation (CW) Stake Lessened by OxFORD Asset Management LLP

OxFORD Asset Management LLP lowered its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 19.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,170 shares of the aerospace company’s stock after selling 4,296 shares during the quarter. OxFORD Asset Management LLP’s holdings in Curtiss-Wright were worth $1,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in Curtiss-Wright by 251.5% in the second quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock valued at $30,068,000 after buying an additional 234,409 shares during the last quarter. Royce & Associates LP boosted its position in Curtiss-Wright by 14.9% in the 2nd quarter. Royce & Associates LP now owns 38,599 shares of the aerospace company’s stock worth $3,543,000 after purchasing an additional 5,000 shares in the last quarter. Schroder Investment Management Group purchased a new stake in Curtiss-Wright in the 2nd quarter worth approximately $13,442,000. Swiss National Bank boosted its position in Curtiss-Wright by 1.6% in the 2nd quarter. Swiss National Bank now owns 70,400 shares of the aerospace company’s stock worth $6,461,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Curtiss-Wright by 15.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 522,366 shares of the aerospace company’s stock worth $47,943,000 after purchasing an additional 68,431 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 6,907 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $106.18, for a total value of $733,385.26. Following the completion of the sale, the vice president now directly owns 19,467 shares of the company’s stock, valued at approximately $2,067,006.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Marce Fuller sold 1,300 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $117.95, for a total value of $153,335.00. Following the completion of the sale, the director now directly owns 13,660 shares of the company’s stock, valued at $1,611,197. The disclosure for this sale can be found here. Insiders sold a total of 60,488 shares of company stock valued at $7,041,956 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Several research analysts have recently weighed in on the company. Robert W. Baird assumed coverage on Curtiss-Wright in a research note on Tuesday, December 5th. They set an “outperform” rating and a $149.00 target price for the company. Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Bank of America raised Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Monday, October 30th. Stifel Nicolaus upped their target price on Curtiss-Wright from $117.00 to $124.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Wells Fargo & Company upped their target price on Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $129.86.

Shares of Curtiss-Wright Corporation (NYSE:CW) opened at $120.24 on Friday. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $125.00. The stock has a market capitalization of $5,354.66, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 2.07 and a beta of 1.26. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The business had revenue of $567.90 million during the quarter, compared to the consensus estimate of $539.28 million. During the same period last year, the company earned $1.02 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. sell-side analysts anticipate that Curtiss-Wright Corporation will post 4.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 29th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Tuesday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 12.45%.

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About Curtiss-Wright

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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