SG Americas Securities LLC reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 55.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,918 shares of the aerospace company’s stock after selling 8,469 shares during the quarter. SG Americas Securities LLC’s holdings in Curtiss-Wright were worth $723,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Aperio Group LLC boosted its stake in Curtiss-Wright by 14.4% in the 2nd quarter. Aperio Group LLC now owns 14,385 shares of the aerospace company’s stock valued at $1,320,000 after purchasing an additional 1,807 shares during the period. Russell Investments Group Ltd. increased its holdings in Curtiss-Wright by 50.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 50,568 shares of the aerospace company’s stock worth $4,642,000 after purchasing an additional 16,987 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in shares of Curtiss-Wright by 93.2% in the second quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after buying an additional 7,970 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Curtiss-Wright by 0.5% in the second quarter. Great West Life Assurance Co. Can now owns 26,530 shares of the aerospace company’s stock valued at $2,433,000 after buying an additional 126 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Curtiss-Wright by 4.1% in the second quarter. Bessemer Group Inc. now owns 30,178 shares of the aerospace company’s stock valued at $2,770,000 after buying an additional 1,178 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.
Several analysts have recently commented on CW shares. Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Thursday, August 17th. Deutsche Bank reaffirmed a “buy” rating and set a $125.00 price target on shares of Curtiss-Wright in a research report on Friday, October 6th. SunTrust Banks reaffirmed a “buy” rating and set a $128.00 price target on shares of Curtiss-Wright in a research report on Friday, October 20th. Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright in a research report on Friday, October 27th. Finally, Bank of America raised Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Monday, October 30th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $129.86.
Curtiss-Wright Corporation (NYSE:CW) traded down $0.07 during mid-day trading on Thursday, reaching $122.47. The company had a trading volume of 164,000 shares, compared to its average volume of 245,142. The company has a market cap of $5,407.61, a PE ratio of 25.64, a PEG ratio of 2.09 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. Curtiss-Wright Corporation has a fifty-two week low of $82.77 and a fifty-two week high of $125.00.
Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.21. The business had revenue of $567.90 million during the quarter, compared to analyst estimates of $539.28 million. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.02 EPS. analysts predict that Curtiss-Wright Corporation will post 4.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. Curtiss-Wright’s payout ratio is presently 12.45%.
In related news, VP Paul J. Ferdenzi sold 6,907 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $106.18, for a total value of $733,385.26. Following the sale, the vice president now directly owns 19,467 shares of the company’s stock, valued at approximately $2,067,006.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,340 shares of the stock in a transaction dated Friday, October 6th. The stock was 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 a total of 60,488 shares of company stock valued at $7,041,956 in the last three months. Insiders own 1.10% of the company’s stock.
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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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