Fayez Sarofim & Co. lessened its holdings in Curtiss-Wright Corporation (NYSE:CW) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,837 shares of the aerospace company’s stock after selling 1,075 shares during the quarter. Fayez Sarofim & Co. owned 0.27% of Curtiss-Wright Corporation worth $12,528,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Curtiss-Wright Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 143 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of Curtiss-Wright Corporation in the third quarter valued at about $212,000. Linscomb & Williams Inc. bought a new stake in shares of Curtiss-Wright Corporation in the third quarter valued at about $212,000. WASHINGTON TRUST Co bought a new stake in shares of Curtiss-Wright Corporation in the third quarter valued at about $217,000. Finally, Bingham Osborn & Scarborough LLC bought a new stake in shares of Curtiss-Wright Corporation in the third quarter valued at about $222,000. 78.06% of the stock is owned by institutional investors.
In other Curtiss-Wright Corporation news, Director John B. Nathman sold 1,300 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $117.28, for a total transaction of $152,464.00. Following the completion of the transaction, the director now owns 4,155 shares of the company’s stock, valued at $487,298.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Charles Adams sold 17,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total value of $2,023,680.00. Following the transaction, the chief executive officer now directly owns 70,570 shares of the company’s stock, valued at approximately $8,400,652.80. The disclosure for this sale can be found here. Insiders have sold 52,570 shares of company stock valued at $6,091,796 in the last ninety days. 1.10% of the stock is currently owned by company insiders.
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A number of equities research analysts have recently issued reports on CW shares. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright Corporation from $117.00 to $124.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $128.00 target price on shares of Curtiss-Wright Corporation in a research report on Friday, October 20th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $125.00 price objective on shares of Curtiss-Wright Corporation in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Curtiss-Wright Corporation currently has an average rating of “Buy” and an average target price of $126.67.
Curtiss-Wright Corporation (CW) traded down $0.97 on Friday, reaching $118.29. 349,838 shares of the company traded hands, compared to its average volume of 238,068. Curtiss-Wright Corporation has a 1-year low of $82.77 and a 1-year high of $120.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. The company has a market capitalization of $5,220.02, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.21. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The business had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. During the same quarter in the prior year, the business posted $1.02 earnings per share. Curtiss-Wright Corporation’s revenue was up 12.0% compared to the same quarter last year. sell-side analysts anticipate that Curtiss-Wright Corporation will post 4.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 29th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.60 annualized dividend and a yield of 0.51%. Curtiss-Wright Corporation’s dividend payout ratio is 12.45%.
Curtiss-Wright Corporation 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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