Curtiss-Wright Corporation (CW) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC boosted its position in Curtiss-Wright Corporation (NYSE:CW) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,077 shares of the aerospace company’s stock after acquiring an additional 7,222 shares during the quarter. Parametric Portfolio Associates LLC owned 0.21% of Curtiss-Wright Corporation worth $8,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its stake in Curtiss-Wright Corporation by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after acquiring an additional 18 shares during the last quarter. World Asset Management Inc increased its stake in Curtiss-Wright Corporation by 1.2% in the second quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after acquiring an additional 33 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Curtiss-Wright Corporation by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after acquiring an additional 46 shares during the last quarter. Oakbrook Investments LLC increased its stake in Curtiss-Wright Corporation by 1.6% in the second quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 50 shares during the last quarter. Finally, State Treasurer State of Michigan increased its stake in Curtiss-Wright Corporation by 0.6% in the second quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after acquiring an additional 100 shares during the last quarter. 76.18% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms recently commented on CW. Zacks Investment Research raised Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Deutsche Bank AG reissued a “buy” rating and issued a $125.00 target price on shares of Curtiss-Wright Corporation in a research note on Friday, October 6th. Finally, Stifel Nicolaus began coverage on Curtiss-Wright Corporation in a research note on Monday, September 18th. They issued a “hold” rating and a $100.00 target price on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $111.60.

Curtiss-Wright Corporation (NYSE:CW) opened at 113.21 on Monday. The company has a market capitalization of $5.00 billion, a PE ratio of 25.68 and a beta of 1.25. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $113.30. The stock’s 50 day moving average price is $102.74 and its 200-day moving average price is $94.68.

Curtiss-Wright Corporation (NYSE:CW) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. During the same period in the previous year, the firm posted $0.88 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts predict that Curtiss-Wright Corporation will post $4.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.15 dividend. The ex-dividend date is Thursday, October 5th. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.53%. Curtiss-Wright Corporation’s payout ratio is 13.61%.

In other news, VP Paul J. Ferdenzi sold 2,651 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $111.00, for a total value of $294,261.00. The transaction was disclosed in a filing with the SEC, which is available through COPYRIGHT VIOLATION NOTICE: “Curtiss-Wright Corporation (CW) Shares Bought by Parametric Portfolio Associates LLC” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/16/curtiss-wright-corporation-cw-shares-bought-by-parametric-portfolio-associates-llc.html.

A number of research firms recently commented on CW. Zacks Investment Research raised Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Deutsche Bank AG reissued a “buy” rating and issued a $125.00 target price on shares of Curtiss-Wright Corporation in a research note on Friday, October 6th. Finally, Stifel Nicolaus began coverage on Curtiss-Wright Corporation in a research note on Monday, September 18th. They issued a “hold” rating and a $100.00 target price on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $111.60.

Curtiss-Wright Corporation (NYSE:CW) opened at 113.21 on Monday. The company has a market capitalization of $5.00 billion, a PE ratio of 25.68 and a beta of 1.25. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $113.30. The stock’s 50 day moving average price is $102.74 and its 200-day moving average price is $94.68.

Curtiss-Wright Corporation (NYSE:CW) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. During the same period in the previous year, the firm posted $0.88 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts predict that Curtiss-Wright Corporation will post $4.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.15 dividend. The ex-dividend date is Thursday, October 5th. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.53%. Curtiss-Wright Corporation’s payout ratio is 13.61%.

In other news, VP Paul J. Ferdenzi sold 2,651 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $111.00, for a total value of $294,261.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $106.18, for a total transaction of $733,385.26. Following the completion of the sale, the vice president now owns 19,467 shares in the company, valued at $2,067,006.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,198 shares of company stock worth $1,405,374. Insiders own 1.10% of the company’s stock.

Curtiss-Wright Corporation 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.

Institutional Ownership by Quarter for Curtiss-Wright Corporation (NYSE:CW)

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