Driehaus Capital Management LLC Increases Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Driehaus Capital Management LLC boosted its stake in Curtiss-Wright Co. (NYSE:CW) by 19.2% in the second quarter, Holdings Channel reports. The fund owned 219,617 shares of the aerospace company’s stock after buying an additional 35,304 shares during the quarter. Driehaus Capital Management LLC’s holdings in Curtiss-Wright were worth $59,512,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in shares of Curtiss-Wright by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock worth $512,000 after acquiring an additional 288 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Curtiss-Wright by 60.6% during the 4th quarter. Franklin Resources Inc. now owns 31,214 shares of the aerospace company’s stock valued at $6,954,000 after buying an additional 11,773 shares during the last quarter. US Bancorp DE grew its position in shares of Curtiss-Wright by 4.9% during the fourth quarter. US Bancorp DE now owns 5,406 shares of the aerospace company’s stock worth $1,204,000 after buying an additional 253 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Curtiss-Wright by 51.3% in the fourth quarter. Hsbc Holdings PLC now owns 4,585 shares of the aerospace company’s stock worth $1,023,000 after buying an additional 1,555 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Curtiss-Wright by 18.1% in the fourth quarter. Stifel Financial Corp now owns 55,748 shares of the aerospace company’s stock valued at $12,420,000 after acquiring an additional 8,547 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.50.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought 120 shares of company stock valued at $27,914 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $325.52 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The firm has a 50-day simple moving average of $300.91 and a 200 day simple moving average of $278.18. Curtiss-Wright Co. has a fifty-two week low of $190.64 and a fifty-two week high of $333.73. The company has a market cap of $12.47 billion, a PE ratio of 33.52 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. The business had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $2.15 EPS. On average, sell-side analysts anticipate that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Curtiss-Wright Company 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.