Goldman Sachs Group Inc. trimmed its stake in shares of Curtiss-Wright Corp. (NYSE:CW) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 674,891 shares of the aerospace company’s stock after selling 117,357 shares during the period. Goldman Sachs Group Inc. owned 1.53% of Curtiss-Wright worth $82,235,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of CW. Meeder Asset Management Inc. acquired a new stake in shares of Curtiss-Wright during the fourth quarter valued at about $135,000. Community Financial Services Group LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter valued at about $201,000. Magnetar Financial LLC acquired a new position in shares of Curtiss-Wright in the third quarter valued at approximately $203,000. Sabal Trust CO acquired a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $207,000. Finally, Cigna Investments Inc. New acquired a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $209,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director S Marce Fuller sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $130.66, for a total transaction of $169,858.00. Following the completion of the sale, the director now owns 14,234 shares of the company’s stock, valued at $1,859,814.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP K Christopher Farkas sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $120.25, for a total transaction of $84,175.00. Following the sale, the vice president now directly owns 2,152 shares of the company’s stock, valued at approximately $258,778. The disclosure for this sale can be found here. Insiders sold 52,154 shares of company stock valued at $6,792,070 in the last ninety days. 1.10% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Thursday, February 8th. ValuEngine upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Seaport Global Securities restated a “buy” rating and set a $150.00 price objective on shares of Curtiss-Wright in a research report on Monday, February 26th. William Blair restated a “market perform” rating on shares of Curtiss-Wright in a research report on Thursday, February 22nd. Finally, Wells Fargo upgraded shares of Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price target for the company in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $137.63.
NYSE CW traded down $4.69 during trading hours on Friday, reaching $134.24. The company’s stock had a trading volume of 183,019 shares, compared to its average volume of 209,646. The stock has a market cap of $6,134.41, a price-to-earnings ratio of 26.69, a PEG ratio of 1.83 and a beta of 1.18. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 0.53. Curtiss-Wright Corp. has a fifty-two week low of $82.77 and a fifty-two week high of $140.07.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.29. The business had revenue of $611.88 million for the quarter, compared to analyst estimates of $589.22 million. Curtiss-Wright had a net margin of 9.46% and a return on equity of 15.46%. research analysts expect that Curtiss-Wright Corp. will post 5.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Wednesday, March 28th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 11.93%.
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Curtiss-Wright 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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