Rhumbline Advisers raised its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 14.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,415 shares of the aerospace company’s stock after buying an additional 13,127 shares during the quarter. Rhumbline Advisers owned about 0.23% of Curtiss-Wright worth $10,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of CW. Capital Research Global Investors purchased a new position in shares of Curtiss-Wright in the second quarter valued at $42,330,000. Boston Partners grew its holdings in shares of Curtiss-Wright by 44.8% in the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock valued at $142,337,000 after purchasing an additional 421,332 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Curtiss-Wright by 137.8% in the second quarter. Voya Investment Management LLC now owns 584,459 shares of the aerospace company’s stock valued at $53,641,000 after purchasing an additional 338,718 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Curtiss-Wright in the second quarter worth $27,768,000. Finally, Prudential Financial Inc. lifted its position in Curtiss-Wright by 251.5% in the second quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock worth $30,068,000 after buying an additional 234,409 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Curtiss-Wright Corporation (NYSE:CW) traded down $2.81 during trading on Monday, hitting $119.50. The stock had a trading volume of 288,676 shares, compared to its average volume of 244,640. The stock has a market capitalization of $5,397.46, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.08 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08. Curtiss-Wright Corporation has a 1 year low of $82.77 and a 1 year high of $125.00.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.22 by $0.21. The firm had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 earnings per share. research analysts forecast that Curtiss-Wright Corporation will post 4.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 29th were paid a $0.15 dividend. The ex-dividend date was Tuesday, November 28th. This represents a $0.60 annualized dividend and a yield of 0.50%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 12.45%.
In other Curtiss-Wright news, VP Glenn E. Tynan sold 2,082 shares of Curtiss-Wright stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $120.00, for a total value of $249,840.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of Curtiss-Wright 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 completion of the transaction, the vice president now owns 19,467 shares in the company, valued at approximately $2,067,006.06. The disclosure for this sale can be found here. Insiders sold 60,488 shares of company stock worth $7,041,956 in the last quarter. 1.10% of the stock is owned by insiders.
A number of analysts recently issued reports on CW shares. Zacks Investment Research downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Bank of America upgraded Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Monday, October 30th. Wells Fargo & Company raised their price target on Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and issued a $117.00 price target on shares of Curtiss-Wright in a research report on Tuesday, October 17th. Finally, SunTrust Banks restated a “buy” rating and issued a $128.00 price target on shares of Curtiss-Wright in a research report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $129.86.
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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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