Fort Washington Investment Advisors Inc. OH cut its position in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 14.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 30,660 shares of the aerospace company’s stock after selling 5,250 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Curtiss-Wright were worth $20,883,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Curtiss-Wright by 738.8% during the fourth quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock worth $14,335,000 after purchasing an additional 22,903 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Curtiss-Wright in the third quarter valued at approximately $37,812,000. Grove Bank & Trust purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $1,104,000. Fisher Asset Management LLC increased its stake in Curtiss-Wright by 7.2% during the 3rd quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company’s stock worth $65,443,000 after buying an additional 8,095 shares during the period. Finally, CWM LLC lifted its holdings in Curtiss-Wright by 75.8% during the 4th quarter. CWM LLC now owns 18,425 shares of the aerospace company’s stock worth $10,157,000 after buying an additional 7,944 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.
Insider Activity at Curtiss-Wright
In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the transaction, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. This trade represents a 15.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock valued at $2,257,998 over the last ninety days. Insiders own 0.51% of the company’s stock.
Curtiss-Wright Stock Performance
Curtiss-Wright (NYSE:CW – Get Free Report) last posted its earnings results 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 return on equity of 20.00% and a net margin of 14.17%.The firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same quarter in the prior year, the company posted $2.82 earnings per share. Curtiss-Wright’s revenue for the quarter was up 13.4% compared to the same quarter last year. Sell-side analysts predict that Curtiss-Wright Corporation will post 15.17 earnings per share for the current fiscal year.
Curtiss-Wright Announces Dividend
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 dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on CW. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Finally, Citigroup lifted their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company 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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