Dimensional Fund Advisors LP Sells 40,781 Shares of Curtiss-Wright Co. (NYSE:CW)

Dimensional Fund Advisors LP cut its stake in Curtiss-Wright Co. (NYSE:CWGet Rating) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 621,205 shares of the aerospace company’s stock after selling 40,781 shares during the quarter. Dimensional Fund Advisors LP owned 1.58% of Curtiss-Wright worth $86,139,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CW. First Horizon Advisors Inc. grew its position in shares of Curtiss-Wright by 194.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 618 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 408 shares during the period. Spire Wealth Management acquired a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $43,000. MUFG Americas Holdings Corp acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth $69,000. CWM LLC bought a new stake in Curtiss-Wright in the 4th quarter valued at $95,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in Curtiss-Wright in the 3rd quarter worth $126,000. 81.61% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Berenberg Bank initiated coverage on Curtiss-Wright in a research report on Friday, January 21st. They set a “buy” rating and a $170.00 price objective for the company. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $180.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 1st.

NYSE:CW opened at $137.37 on Friday. Curtiss-Wright Co. has a 52-week low of $111.26 and a 52-week high of $162.98. The company has a market cap of $5.28 billion, a P/E ratio of 22.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.08 and a current ratio of 1.64. The stock’s 50-day simple moving average is $148.55 and its 200 day simple moving average is $140.02.

Curtiss-Wright (NYSE:CWGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The aerospace company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.11. The firm had revenue of $559.46 million for the quarter, compared to analyst estimates of $579.97 million. Curtiss-Wright had a return on equity of 15.35% and a net margin of 10.06%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.51 EPS. As a group, equities analysts predict that Curtiss-Wright Co. will post 8.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 17th will be given a dividend of $0.19 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, June 16th. Curtiss-Wright’s dividend payout ratio is 11.65%.

In related news, Chairman David Charles Adams sold 4,262 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $137.25, for a total transaction of $584,959.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Monday, February 28th. The shares were sold at an average price of $145.00, for a total value of $362,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,335 shares of company stock valued at $3,566,091. Corporate insiders own 0.62% of the company’s stock.

About Curtiss-Wright (Get Rating)

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

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

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