Capital Fund Management S.A. lowered its stake in Curtiss-Wright Corp. (NYSE:CW) by 39.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,570 shares of the aerospace company’s stock after selling 52,190 shares during the quarter. Capital Fund Management S.A. owned about 0.18% of Curtiss-Wright Corp. worth $7,486,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of CW. Capstone Asset Management Co. boosted its holdings in Curtiss-Wright Corp. by 14.6% in the first quarter. Capstone Asset Management Co. now owns 4,232 shares of the aerospace company’s stock valued at $386,000 after purchasing an additional 540 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Curtiss-Wright Corp. by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,902 shares of the aerospace company’s stock valued at $1,451,000 after purchasing an additional 200 shares during the last quarter. Wells Fargo Company MN boosted its holdings in Curtiss-Wright Corp. by 266.7% in the first quarter. Wells Fargo Company MN now owns 234,214 shares of the aerospace company’s stock valued at $21,374,000 after purchasing an additional 170,337 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Curtiss-Wright Corp. by 5.2% in the first quarter. Great West Life Assurance Co. Can now owns 26,404 shares of the aerospace company’s stock valued at $2,408,000 after purchasing an additional 1,306 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its holdings in Curtiss-Wright Corp. by 1.7% in the first quarter. State Treasurer State of Michigan now owns 18,100 shares of the aerospace company’s stock valued at $1,652,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 76.18% of the company’s stock.
In related news, Director S Marce Fuller sold 1,300 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total transaction of $125,008.00. Following the transaction, the director now directly owns 14,960 shares in the company, valued at $1,438,553.60. The sale was disclosed in a filing with the Securities Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.
Curtiss-Wright Corp. (CW) opened at 103.62 on Tuesday. The company has a market cap of $4.57 billion, a P/E ratio of 23.51 and a beta of 1.26. The firm’s 50-day moving average price is $96.82 and its 200-day moving average price is $93.00. Curtiss-Wright Corp. has a 12-month low of $82.77 and a 12-month high of $107.61.
Curtiss-Wright Corp. (NYSE:CW) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.16. Curtiss-Wright Corp. had a return on equity of 14.95% and a net margin of 8.92%. The firm had revenue of $567.70 million for the quarter, compared to analyst estimates of $546.73 million. During the same period in the previous year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts expect that Curtiss-Wright Corp. will post $4.54 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.58%. This is a positive change from Curtiss-Wright Corp.’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, October 5th. Curtiss-Wright Corp.’s payout ratio is currently 11.79%.
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A number of research analysts recently commented on the company. Zacks Investment Research raised Curtiss-Wright Corp. from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a report on Thursday, August 17th. Stifel Nicolaus assumed coverage on Curtiss-Wright Corp. in a report on Monday, September 18th. They issued a “hold” rating and a $100.00 price target for the company. Finally, BidaskClub raised Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $107.40.
Curtiss-Wright Corp. Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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