Fayez Sarofim & Co. cut its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 worth $12,528,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CW. Tudor Investment Corp ET AL purchased a new stake in shares of Curtiss-Wright during the first quarter worth $233,000. Capstone Asset Management Co. raised its holdings in shares of Curtiss-Wright by 7.6% during the second quarter. Capstone Asset Management Co. now owns 4,552 shares of the aerospace company’s stock worth $418,000 after acquiring an additional 320 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Curtiss-Wright by 0.6% during the second quarter. Bank of Montreal Can now owns 70,206 shares of the aerospace company’s stock worth $6,443,000 after acquiring an additional 386 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Curtiss-Wright by 4.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 16,623 shares of the aerospace company’s stock worth $1,526,000 after acquiring an additional 721 shares in the last quarter. Finally, LS Investment Advisors LLC raised its holdings in shares of Curtiss-Wright by 13.2% during the second quarter. LS Investment Advisors LLC now owns 3,871 shares of the aerospace company’s stock worth $355,000 after acquiring an additional 451 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.
In other Curtiss-Wright news, CEO David Charles Adams sold 17,000 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total transaction of $2,023,680.00. Following the sale, the chief executive officer now directly owns 70,570 shares of the company’s stock, valued at $8,400,652.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul J. Ferdenzi sold 2,340 shares of Curtiss-Wright stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $108.00, for a total transaction of $252,720.00. The disclosure for this sale can be found here. Insiders have sold 60,488 shares of company stock worth $7,041,956 over the last ninety days. Company insiders own 1.10% of the company’s stock.
Curtiss-Wright Corporation (NYSE:CW) traded down $2.67 during mid-day trading on Monday, reaching $121.06. The company had a trading volume of 435,953 shares, compared to its average volume of 245,430. Curtiss-Wright Corporation has a fifty-two week low of $82.77 and a fifty-two week high of $125.00. The firm has a market capitalization of $5,460.13, a P/E ratio of 25.89, a PEG ratio of 2.11 and a beta of 1.26. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55.
Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. The business had revenue of $567.90 million for the quarter, compared to the consensus estimate of $539.28 million. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $1.02 earnings per share. research analysts predict that Curtiss-Wright Corporation will post 4.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Tuesday, November 28th. Curtiss-Wright’s payout ratio is 12.45%.
Several equities analysts have weighed in on the company. BidaskClub upgraded Curtiss-Wright from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $117.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, October 17th. Finally, Bank of America upgraded Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Monday, October 30th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $126.67.
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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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