Midwest Trust Co decreased its position in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,378 shares of the aerospace company’s stock after selling 791 shares during the quarter. Midwest Trust Co owned about 0.09% of Curtiss-Wright worth $22,053,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. State Street Corp raised its position in Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after acquiring an additional 16,962 shares in the last quarter. Invesco Ltd. boosted its position in shares of Curtiss-Wright by 7.9% during the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after purchasing an additional 88,688 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Curtiss-Wright by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after purchasing an additional 47,287 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Curtiss-Wright by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after purchasing an additional 39,515 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Curtiss-Wright by 9.3% in the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock worth $293,972,000 after purchasing an additional 45,589 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on CW shares. Citigroup increased their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a report on Friday, May 8th. Finally, Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $749.67.
Insider Buying and Selling
In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the sale, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% 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. In the last 90 days, insiders sold 3,119 shares of company stock valued at $2,257,998. Company insiders own 0.51% of the company’s stock.
Curtiss-Wright Trading Down 0.6%
NYSE CW traded down $4.69 on Friday, hitting $755.02. 121,290 shares of the company were exchanged, compared to its average volume of 294,787. The company’s 50 day moving average price is $745.72 and its 200-day moving average price is $694.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The firm has a market capitalization of $27.89 billion, a P/E ratio of 55.31, a price-to-earnings-growth ratio of 3.47 and a beta of 0.86. Curtiss-Wright Corporation has a twelve month low of $463.00 and a twelve month high of $808.16.
Curtiss-Wright (NYSE:CW – Get Free Report) last announced its earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the company posted $2.82 earnings per share. Analysts predict that Curtiss-Wright Corporation will post 15.18 earnings per share for the current fiscal year.
Curtiss-Wright Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s dividend payout ratio is 7.62%.
Curtiss-Wright Company 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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