Guggenheim Capital LLC cut its holdings in Curtiss-Wright Corp. (NYSE:CW) by 73.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,428 shares of the aerospace company’s stock after selling 42,593 shares during the quarter. Guggenheim Capital LLC’s holdings in Curtiss-Wright were worth $1,880,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of CW. Meeder Asset Management Inc. acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $135,000. Community Financial Services Group LLC acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $201,000. Sabal Trust CO acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $207,000. Cigna Investments Inc. New acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $209,000. Finally, Signition LP acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $215,000. 78.66% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was 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 in the company, valued at $1,859,814.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Charles Adams sold 17,414 shares of the company’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $135.00, for a total value of $2,350,890.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,154 shares of company stock valued at $6,792,070. Corporate insiders own 0.87% of the company’s stock.
Several equities analysts have issued reports on CW shares. ValuEngine raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded Curtiss-Wright from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Tuesday, February 27th. Seaport Global Securities restated a “buy” rating and set a $150.00 price objective on shares of Curtiss-Wright in a report on Monday, February 26th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, William Blair restated a “market perform” rating on shares of Curtiss-Wright in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Curtiss-Wright presently has an average rating of “Buy” and a consensus price target of $137.63.
NYSE CW opened at $140.52 on Wednesday. The company has a market cap of $6,073.92, a PE ratio of 27.94, a PEG ratio of 1.81 and a beta of 1.18. Curtiss-Wright Corp. has a 52 week low of $82.77 and a 52 week high of $142.99. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.53.
Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 21st. The aerospace company reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.29. The firm had revenue of $611.88 million during the quarter, compared to the consensus estimate of $589.22 million. Curtiss-Wright had a return on equity of 15.46% and a net margin of 9.46%. equities analysts anticipate that Curtiss-Wright Corp. will post 5.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.43%. Curtiss-Wright’s dividend payout ratio is 11.93%.
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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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