Fifth Third Bancorp Has $12.57 Million Stock Holdings in Curtiss-Wright Corporation $CW

Fifth Third Bancorp lifted its position in Curtiss-Wright Corporation (NYSE:CWFree Report) by 1,568.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,451 shares of the aerospace company’s stock after purchasing an additional 17,345 shares during the quarter. Fifth Third Bancorp’s holdings in Curtiss-Wright were worth $12,567,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC grew its position in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Curtiss-Wright during the 4th quarter valued at $42,000. Finally, Elyxium Wealth LLC bought a new position in Curtiss-Wright in the 4th quarter valued at $43,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $751.96 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 1-year low of $463.00 and a 1-year high of $808.16. The stock has a market capitalization of $27.78 billion, a P/E ratio of 55.09, a P/E/G ratio of 3.40 and a beta of 0.86. The business has a 50-day moving average price of $746.61 and a two-hundred day moving average price of $697.92.

Curtiss-Wright (NYSE:CWGet Free Report) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (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 company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same quarter last year, the firm earned $2.82 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts predict that Curtiss-Wright Corporation will post 15.18 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was 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%.

Insiders Place Their Bets

In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the sale, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Citigroup raised their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. 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 target on shares of Curtiss-Wright in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $749.67.

Read Our Latest Report on Curtiss-Wright

About Curtiss-Wright

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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