Hardman Johnston Global Advisors LLC Has $42.45 Million Position in Curtiss-Wright Co. (NYSE:CW)

Hardman Johnston Global Advisors LLC reduced its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,162 shares of the aerospace company's stock after selling 6,125 shares during the quarter. Curtiss-Wright accounts for 1.7% of Hardman Johnston Global Advisors LLC's investment portfolio, making the stock its 20th biggest holding. Hardman Johnston Global Advisors LLC owned about 0.34% of Curtiss-Wright worth $42,454,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Tsfg LLC increased its stake in shares of Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock worth $34,000 after acquiring an additional 67 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company's stock worth $28,000 after acquiring an additional 101 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock worth $35,000 after acquiring an additional 79 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new position in shares of Curtiss-Wright in the second quarter worth $30,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company's stock worth $31,000 after acquiring an additional 116 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Glenda J. Minor sold 500 shares of the company's stock in a transaction dated Friday, August 16th. The shares were 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 owns 1,382 shares of the company's stock, valued at approximately $418,469.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Glenda J. Minor sold 500 shares of the 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 completion of the transaction, the director now owns 1,382 shares of the company's stock, valued at $418,469.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John C. Watts sold 412 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares of the company's stock, valued at approximately $1,503,997.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Stock Performance

CW stock traded up $17.09 during mid-day trading on Wednesday, reaching $377.46. 276,794 shares of the stock traded hands, compared to its average volume of 222,569. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 52 week low of $203.60 and a 52 week high of $380.98. The business has a 50-day moving average of $331.53 and a two-hundred day moving average of $297.08. The firm has a market capitalization of $14.32 billion, a PE ratio of 35.71 and a beta of 1.17.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analysts' expectations of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. The business's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 earnings per share. As a group, equities analysts predict that Curtiss-Wright Co. will post 10.66 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright's dividend payout ratio is currently 7.95%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CW. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target on the stock. Morgan Stanley upped their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a report on Tuesday. StockNews.com cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Robert W. Baird upped their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Finally, Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $362.60.

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.