Sunbelt Securities Inc. purchased a new position in shares of Curtiss-Wright Corp. (NYSE:CW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,812 shares of the aerospace company’s stock, valued at approximately $234,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Parametric Portfolio Associates LLC grew its position in Curtiss-Wright by 5.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 80,081 shares of the aerospace company’s stock worth $10,360,000 after purchasing an additional 4,096 shares during the period. California State Teachers Retirement System grew its position in Curtiss-Wright by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 67,810 shares of the aerospace company’s stock worth $8,773,000 after purchasing an additional 183 shares during the period. Boston Partners grew its position in Curtiss-Wright by 4.9% during the 3rd quarter. Boston Partners now owns 1,014,660 shares of the aerospace company’s stock worth $131,416,000 after purchasing an additional 47,129 shares during the period. SG Americas Securities LLC grew its position in Curtiss-Wright by 85.4% during the 3rd quarter. SG Americas Securities LLC now owns 6,356 shares of the aerospace company’s stock worth $822,000 after purchasing an additional 2,928 shares during the period. Finally, Mackay Shields LLC grew its position in Curtiss-Wright by 1,144.8% during the 3rd quarter. Mackay Shields LLC now owns 87,321 shares of the aerospace company’s stock worth $11,297,000 after purchasing an additional 80,306 shares during the period. 76.81% of the stock is currently owned by institutional investors.
CW has been the topic of several analyst reports. Stifel Nicolaus set a $150.00 price target on Curtiss-Wright and gave the stock a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Wednesday, September 11th. Finally, ValuEngine downgraded Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Curtiss-Wright presently has a consensus rating of “Hold” and a consensus price target of $141.00.
NYSE:CW opened at $137.31 on Monday. Curtiss-Wright Corp. has a 52 week low of $95.23 and a 52 week high of $142.97. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $5.86 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.31 and a beta of 1.17. The stock’s 50-day moving average price is $134.15 and its 200-day moving average price is $125.65.
Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, October 30th. The aerospace company reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.12. Curtiss-Wright had a return on equity of 18.83% and a net margin of 12.13%. The firm had revenue of $614.88 million for the quarter, compared to analysts’ expectations of $624.15 million. During the same period last year, the firm earned $1.70 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright Corp. will post 7.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 29th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, November 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 10.68%.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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