Inspire Investing LLC lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW – Free Report) by 14.7% during the 1st quarter, Holdings Channel reports. The firm owned 11,284 shares of the aerospace company’s stock after purchasing an additional 1,448 shares during the period. Curtiss-Wright makes up 0.6% of Inspire Investing LLC’s holdings, making the stock its 21st largest holding. Inspire Investing LLC’s holdings in Curtiss-Wright were worth $7,686,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after buying an additional 16,962 shares during the period. Invesco Ltd. raised its holdings in Curtiss-Wright by 7.9% in the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after acquiring an additional 88,688 shares in the last quarter. Geode Capital Management LLC raised its holdings in Curtiss-Wright by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after acquiring an additional 47,287 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Curtiss-Wright by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after acquiring an additional 39,515 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Curtiss-Wright by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after acquiring an additional 37,069 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.
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 dated Tuesday, June 9th. The stock was 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 of the company’s stock, valued at $34,739,270.48. This represents a 4.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares of the company’s stock, valued at $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock valued at $2,257,998 in the last 90 days. 0.51% of the stock is owned by corporate insiders.
Curtiss-Wright Trading Down 1.5%
Curtiss-Wright (NYSE:CW – Get Free Report) last issued 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 business had revenue of $913.69 million during the quarter, compared to the consensus estimate of $863.83 million. During the same quarter in the prior year, the firm earned $2.82 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts forecast that Curtiss-Wright Corporation will post 15.17 earnings per share for the current fiscal year.
Curtiss-Wright Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio is presently 7.62%.
Analyst Ratings Changes
A number of research analysts recently commented on CW shares. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Citigroup raised their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $746.67.
View Our Latest Research 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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