First Eagle Investment Management LLC Buys 3,135 Shares of Curtiss-Wright Co. (NYSE:CW)

First Eagle Investment Management LLC boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 6.9% during the second quarter, Holdings Channel.com reports. The firm owned 48,892 shares of the aerospace company’s stock after purchasing an additional 3,135 shares during the quarter. First Eagle Investment Management LLC’s holdings in Curtiss-Wright were worth $13,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Seven Eight Capital LP purchased a new position in Curtiss-Wright in the second quarter worth $287,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Curtiss-Wright by 6.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,806 shares of the aerospace company’s stock worth $1,031,000 after purchasing an additional 214 shares in the last quarter. Virtu Financial LLC purchased a new position in Curtiss-Wright during the 2nd quarter worth $1,058,000. EPIQ Capital Group LLC purchased a new position in Curtiss-Wright during the 2nd quarter worth $209,000. Finally, Edgestream Partners L.P. acquired a new position in Curtiss-Wright during the 2nd quarter valued at about $1,701,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $317.78 on Friday. Curtiss-Wright Co. has a 52 week low of $190.64 and a 52 week high of $318.97. 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 market cap of $12.17 billion, a P/E ratio of 32.73 and a beta of 1.18. The business’s 50 day moving average price is $294.55 and its 200 day moving average price is $274.26.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data 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. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 earnings per share. On average, sell-side analysts expect that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s payout ratio is presently 8.65%.

Insiders Place Their Bets

In related news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 120 shares of company stock worth $27,914. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

CW has been the topic of a number of research analyst reports. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 12th. Morgan Stanley boosted their target price on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $307.50.

Curtiss-Wright 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.