Mackenzie Financial Corp Acquires 368 Shares of Curtiss-Wright Co. (NYSE:CW)

Mackenzie Financial Corp grew its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 15.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,827 shares of the aerospace company’s stock after acquiring an additional 368 shares during the period. Mackenzie Financial Corp’s holdings in Curtiss-Wright were worth $766,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in Curtiss-Wright by 51.3% in the fourth quarter. Hsbc Holdings PLC now owns 4,585 shares of the aerospace company’s stock valued at $1,023,000 after acquiring an additional 1,555 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Curtiss-Wright by 242.2% during the fourth quarter. Bank of Nova Scotia now owns 7,255 shares of the aerospace company’s stock worth $1,616,000 after buying an additional 5,135 shares during the period. KBC Group NV bought a new position in Curtiss-Wright during the fourth quarter worth $158,000. Rafferty Asset Management LLC lifted its holdings in Curtiss-Wright by 5.8% in the fourth quarter. Rafferty Asset Management LLC now owns 12,984 shares of the aerospace company’s stock valued at $2,893,000 after buying an additional 709 shares during the period. Finally, Seven Eight Capital LP boosted its position in Curtiss-Wright by 202.9% during the fourth quarter. Seven Eight Capital LP now owns 3,277 shares of the aerospace company’s stock valued at $730,000 after acquiring an additional 2,195 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $337.52 on Friday. The business has a 50-day simple moving average of $305.29 and a 200 day simple moving average of $280.80. Curtiss-Wright Co. has a one year low of $191.80 and a one year high of $342.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 34.76 and a beta of 1.18.

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

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Wall Street Analyst Weigh In

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

Insider Transactions at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by insiders.

About Curtiss-Wright

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.