Cramer Rosenthal Mcglynn LLC reduced its position in Curtiss-Wright Corp. (NYSE:CW) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,505 shares of the aerospace company’s stock after selling 6,725 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.59% of Curtiss-Wright worth $31,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in Curtiss-Wright during the second quarter valued at $35,000. Carroll Financial Associates Inc. purchased a new stake in shares of Curtiss-Wright in the second quarter valued at $38,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Curtiss-Wright in the second quarter valued at $60,000. NumerixS Investment Technologies Inc raised its stake in shares of Curtiss-Wright by 166.7% in the first quarter. NumerixS Investment Technologies Inc now owns 800 shares of the aerospace company’s stock valued at $90,000 after acquiring an additional 500 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Curtiss-Wright in the second quarter valued at $94,000. Institutional investors and hedge funds own 77.91% of the company’s stock.
Shares of NYSE CW traded up $0.10 during mid-day trading on Friday, reaching $131.97. The company had a trading volume of 6,316 shares, compared to its average volume of 171,072. The business’s 50-day moving average is $123.50 and its 200-day moving average is $118.87. The company has a current ratio of 2.10, a quick ratio of 1.41 and a debt-to-equity ratio of 0.53. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.23 and a beta of 1.20. Curtiss-Wright Corp. has a 52 week low of $95.23 and a 52 week high of $141.29.
Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $1.90 EPS for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.13. The firm had revenue of $639.00 million for the quarter, compared to analysts’ expectations of $642.66 million. Curtiss-Wright had a net margin of 11.90% and a return on equity of 18.54%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. As a group, equities research analysts forecast that Curtiss-Wright Corp. will post 7.12 earnings per share for the current year.
The business also recently declared a — dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd will be issued a $0.17 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, October 2nd. Curtiss-Wright’s payout ratio is presently 10.68%.
In other Curtiss-Wright news, Director S Marce Fuller sold 1,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $122.90, for a total transaction of $122,900.00. Following the transaction, the director now directly owns 10,222 shares in the company, valued at approximately $1,256,283.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Charles Adams sold 7,608 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $120.11, for a total transaction of $913,796.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,047 shares of company stock worth $4,033,042. 0.90% of the stock is owned by company insiders.
Several brokerages have recently weighed in on CW. Zacks Investment Research raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research note on Wednesday. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, ValuEngine raised shares of Curtiss-Wright from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Curtiss-Wright currently has a consensus rating of “Buy” and a consensus target price of $141.80.
Curtiss-Wright Company Profile
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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