Baird Financial Group Inc. lowered its stake in shares of Curtiss-Wright Corp. (NYSE:CW) by 38.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,921 shares of the aerospace company’s stock after selling 4,359 shares during the period. Baird Financial Group Inc.’s holdings in Curtiss-Wright were worth $975,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of Curtiss-Wright by 2.8% during the first quarter. Legal & General Group Plc now owns 133,245 shares of the aerospace company’s stock worth $12,313,000 after purchasing an additional 3,669 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Curtiss-Wright during the first quarter worth about $315,000. Canada Pension Plan Investment Board raised its position in shares of Curtiss-Wright by 58.3% during the first quarter. Canada Pension Plan Investment Board now owns 10,217 shares of the aerospace company’s stock worth $944,000 after purchasing an additional 3,761 shares during the period. APG Asset Management N.V. raised its position in shares of Curtiss-Wright by 119.8% during the first quarter. APG Asset Management N.V. now owns 54,300 shares of the aerospace company’s stock worth $5,018,000 after purchasing an additional 29,600 shares during the period. Finally, UBS Group AG raised its position in shares of Curtiss-Wright by 154.7% during the second quarter. UBS Group AG now owns 104,258 shares of the aerospace company’s stock worth $9,308,000 after purchasing an additional 63,330 shares during the period. 78.21% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised Curtiss-Wright from a “sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $120.25.
NYSE:CW opened at $93.47 on Wednesday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 15.71 and a beta of 1.31. Curtiss-Wright Corp. has a twelve month low of $70.56 and a twelve month high of $149.90. The stock’s 50 day moving average price is $99.85 and its two-hundred day moving average price is $96.63. The company has a quick ratio of 1.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.49.
Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Monday, August 3rd. The aerospace company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.03. The firm had revenue of $550.05 million for the quarter, compared to analyst estimates of $542.34 million. Curtiss-Wright had a return on equity of 16.75% and a net margin of 10.52%. The business’s quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 EPS. As a group, analysts anticipate that Curtiss-Wright Corp. will post 6.8 earnings per share for the current year.
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.
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