Public Employees Retirement System of Ohio increased its position in Curtiss-Wright Corp. (NYSE:CW) by 22.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,918 shares of the aerospace company’s stock after acquiring an additional 5,192 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Curtiss-Wright worth $3,612,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CW. DekaBank Deutsche Girozentrale bought a new position in shares of Curtiss-Wright in the second quarter worth approximately $35,000. Old North State Trust LLC bought a new position in shares of Curtiss-Wright in the third quarter worth about $55,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Curtiss-Wright during the second quarter worth about $60,000. Point72 Asset Management L.P. purchased a new stake in shares of Curtiss-Wright during the second quarter worth about $102,000. Finally, Advisory Services Network LLC raised its stake in Curtiss-Wright by 14.0% during the 2nd quarter. Advisory Services Network LLC now owns 815 shares of the aerospace company’s stock valued at $104,000 after purchasing an additional 100 shares during the period. 76.81% of the stock is owned by institutional investors.
CW has been the topic of a number of research analyst reports. Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Wednesday, September 11th. Stifel Nicolaus set a $150.00 target price on shares of Curtiss-Wright and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, ValuEngine cut shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $141.00.
Shares of Curtiss-Wright stock opened at $138.52 on Friday. Curtiss-Wright Corp. has a twelve month low of $95.23 and a twelve month high of $142.97. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $135.30 and a 200-day moving average price of $126.33. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.31 and a beta of 1.17.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, October 30th. The aerospace company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.12. The company had revenue of $614.88 million during the quarter, compared to analyst estimates of $624.15 million. Curtiss-Wright had a return on equity of 18.83% and a net margin of 12.13%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 earnings per share. On average, equities analysts expect that Curtiss-Wright Corp. will post 7.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.49%. Curtiss-Wright’s dividend payout ratio (DPR) is 10.68%.
In other Curtiss-Wright news, COO Tom P. Quinly sold 1,573 shares of Curtiss-Wright stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $136.57, for a total transaction of $214,824.61. Also, CEO David Charles Adams sold 886 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $141.00, for a total transaction of $124,926.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,059 shares of company stock valued at $4,609,753 over the last quarter. Corporate insiders own 0.90% of the company’s stock.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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