Marks Group Wealth Management Inc reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW – Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,649 shares of the aerospace company’s stock after selling 2,930 shares during the quarter. Curtiss-Wright comprises 1.0% of Marks Group Wealth Management Inc’s portfolio, making the stock its 17th biggest position. Marks Group Wealth Management Inc’s holdings in Curtiss-Wright were worth $10,281,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. Waddell & Associates LLC grew its position in shares of Curtiss-Wright by 26.7% during the 4th quarter. Waddell & Associates LLC now owns 498 shares of the aerospace company’s stock worth $275,000 after buying an additional 105 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Curtiss-Wright during the 4th quarter worth about $489,000. Cerity Partners LLC grew its position in shares of Curtiss-Wright by 16.2% during the 4th quarter. Cerity Partners LLC now owns 19,635 shares of the aerospace company’s stock worth $10,824,000 after buying an additional 2,731 shares during the period. Franklin Resources Inc. grew its position in shares of Curtiss-Wright by 61.0% during the 4th quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock worth $270,392,000 after buying an additional 185,887 shares during the period. Finally, Erste Asset Management GmbH grew its position in shares of Curtiss-Wright by 378.4% during the 4th quarter. Erste Asset Management GmbH now owns 5,057 shares of the aerospace company’s stock worth $2,843,000 after buying an additional 4,000 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, COO Kevin Rayment sold 907 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total value of $614,383.66. Following the sale, the chief operating officer owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. This trade represents a 2.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 3,225 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total value of $2,182,357.50. Following the completion of the sale, the chief executive officer directly owned 50,634 shares in the company, valued at approximately $34,264,027.80. This represents a 5.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,181 shares of company stock worth $4,204,919 in the last 90 days. Company insiders own 0.51% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on CW
Curtiss-Wright Trading Down 1.8%
NYSE:CW opened at $720.12 on Tuesday. Curtiss-Wright Corporation has a fifty-two week low of $443.00 and a fifty-two week high of $760.72. 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 stock has a market capitalization of $26.60 billion, a PE ratio of 52.76, a price-to-earnings-growth ratio of 3.40 and a beta of 0.85. The business’s 50-day simple moving average is $721.01 and its 200-day simple moving average is $659.59.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share 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 business had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter in the previous year, the business posted $2.82 EPS. Curtiss-Wright’s revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.
Curtiss-Wright Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.
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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