Goldman Sachs Group Inc. raised its stake in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 213,292 shares of the aerospace company’s stock after buying an additional 1,864 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Curtiss-Wright were worth $117,582,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Westpac Banking Corp bought a new position in Curtiss-Wright in the fourth quarter valued at approximately $94,000. Natixis Advisors LLC lifted its position in shares of Curtiss-Wright by 13.3% in the fourth quarter. Natixis Advisors LLC now owns 43,653 shares of the aerospace company’s stock worth $24,065,000 after purchasing an additional 5,139 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Curtiss-Wright by 38.7% in the fourth quarter. Root Financial Partners LLC now owns 129 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 36 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its position in shares of Curtiss-Wright by 62.4% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 19,489 shares of the aerospace company’s stock worth $10,744,000 after purchasing an additional 7,489 shares in the last quarter. Finally, Rothschild Wealth LLC bought a new stake in shares of Curtiss-Wright in the fourth quarter worth $209,000. Institutional investors own 82.71% of the company’s stock.
Insider Transactions at Curtiss-Wright
In related news, COO Kevin Rayment sold 907 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the transaction, the chief operating officer directly owned 31,493 shares in the company, valued at approximately $21,332,728.34. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lynn M. Bamford sold 3,225 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the completion of the transaction, the chief executive officer owned 50,634 shares in the company, valued at $34,264,027.80. This trade represents a 5.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 6,181 shares of company stock valued at $4,204,919. Corporate insiders own 0.51% of the company’s stock.
Curtiss-Wright Price Performance
Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. During the same period in the previous year, the company earned $2.82 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Equities analysts expect that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.
Curtiss-Wright Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.03%.
Analyst Upgrades and Downgrades
CW has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Citigroup boosted their price objective on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $746.67.
Check Out Our Latest Report on CW
Curtiss-Wright Profile
Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.
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