Citigroup Inc. boosted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 79.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,701 shares of the aerospace company’s stock after buying an additional 3,842 shares during the period. Citigroup Inc.’s holdings in Curtiss-Wright Corporation were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its stake in Curtiss-Wright Corporation by 251.5% in the second quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock worth $30,068,000 after purchasing an additional 234,409 shares during the last quarter. Paloma Partners Management Co raised its stake in shares of Curtiss-Wright Corporation by 12.8% during the first quarter. Paloma Partners Management Co now owns 36,450 shares of the aerospace company’s stock valued at $3,327,000 after acquiring an additional 4,123 shares during the last quarter. Royce & Associates LP raised its stake in shares of Curtiss-Wright Corporation by 14.9% during the second quarter. Royce & Associates LP now owns 38,599 shares of the aerospace company’s stock valued at $3,543,000 after acquiring an additional 5,000 shares during the last quarter. Schroder Investment Management Group bought a new position in Curtiss-Wright Corporation in the second quarter worth about $13,442,000. Finally, Tudor Investment Corp ET AL bought a new position in Curtiss-Wright Corporation in the first quarter worth about $233,000. Hedge funds and other institutional investors own 76.18% of the company’s stock.
Curtiss-Wright Corporation (NYSE CW) opened at 113.54 on Wednesday. The stock has a market capitalization of $5.01 billion, a PE ratio of 25.76 and a beta of 1.25. The firm has a 50 day moving average of $102.74 and a 200-day moving average of $94.68. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $114.28.
Curtiss-Wright Corporation (NYSE:CW) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.16. The firm had revenue of $567.70 million during the quarter, compared to the consensus estimate of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. On average, equities analysts predict that Curtiss-Wright Corporation will post $4.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a $0.15 dividend. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 0.53%. Curtiss-Wright Corporation’s payout ratio is 13.61%.
A number of equities research analysts have weighed in on CW shares. Zacks Investment Research cut shares of Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus restated a “hold” rating and set a $117.00 price objective on shares of Curtiss-Wright Corporation in a research report on Tuesday. Finally, BidaskClub upgraded shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Curtiss-Wright Corporation has an average rating of “Hold” and a consensus target price of $117.20.
In other Curtiss-Wright Corporation news, VP Paul J. Ferdenzi sold 6,907 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $106.18, for a total value of $733,385.26. Following the completion of the transaction, the vice president now owns 19,467 shares in the company, valued at approximately $2,067,006.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the completion of the transaction, the director now directly owns 14,960 shares in the company, valued at $1,438,553.60. The disclosure for this sale can be found here. Insiders sold a total of 13,198 shares of company stock valued at $1,405,374 in the last 90 days. 1.10% of the stock is owned by company insiders.
Curtiss-Wright Corporation Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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