Globeflex Capital L P grew its holdings in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 44.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,696 shares of the aerospace company’s stock after acquiring an additional 1,135 shares during the period. Globeflex Capital L P’s holdings in Curtiss-Wright were worth $2,517,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after purchasing an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Curtiss-Wright during the second quarter valued at about $235,000. Northwestern Mutual Wealth Management Co. raised its holdings in Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after buying an additional 35 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Curtiss-Wright in the second quarter worth about $5,423,000. Finally, Cresset Asset Management LLC lifted its position in shares of Curtiss-Wright by 46.4% in the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after buying an additional 457 shares during 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, EVP John C. Watts sold 220 shares of the firm’s 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 sale, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock worth $2,257,998 in the last ninety days. 0.51% of the stock is currently owned by insiders.
Curtiss-Wright Price Performance
Curtiss-Wright (NYSE:CW – Get Free Report) last released its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $2.82 EPS. The company’s revenue was up 13.4% on a year-over-year basis. Research analysts anticipate that Curtiss-Wright Corporation will post 15.22 EPS for the current year.
Curtiss-Wright Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a dividend of $0.24 per share. 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 payout ratio is 7.62%.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Citigroup increased their price target on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report 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. Finally, Morgan Stanley restated an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $773.67.
Check Out Our Latest Analysis on CW
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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