Pacer Advisors Inc. lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,151 shares of the aerospace company’s stock after buying an additional 399 shares during the period. Pacer Advisors Inc.’s holdings in Curtiss-Wright Corporation were worth $473,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. TrimTabs Asset Management LLC grew its holdings in Curtiss-Wright Corporation by 88.6% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,175 shares of the aerospace company’s stock valued at $107,000 after buying an additional 552 shares during the last quarter. Meadow Creek Investment Management LLC grew its holdings in Curtiss-Wright Corporation by 7.3% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,408 shares of the aerospace company’s stock valued at $129,000 after buying an additional 96 shares during the last quarter. Neuburgh Advisers LLC grew its holdings in Curtiss-Wright Corporation by 7.3% during the 1st quarter. Neuburgh Advisers LLC now owns 1,936 shares of the aerospace company’s stock valued at $177,000 after buying an additional 132 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Curtiss-Wright Corporation by 93.2% during the second quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 7,970 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Curtiss-Wright Corporation during the first quarter worth $214,000. 76.18% of the stock is owned by institutional investors and hedge funds.
Shares of Curtiss-Wright Corporation (CW) traded up 0.61% during mid-day trading on Friday, hitting $104.34. The stock had a trading volume of 179,793 shares. The firm’s 50 day moving average price is $96.82 and its 200-day moving average price is $93.00. Curtiss-Wright Corporation has a one year low of $82.77 and a one year high of $107.61. The company has a market cap of $4.61 billion, a PE ratio of 23.67 and a beta of 1.26.
Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The business had revenue of $567.70 million during the quarter, compared to analysts’ expectations of $546.73 million. During the same period in the prior year, the company earned $0.88 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post $4.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.58%. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, October 5th. Curtiss-Wright Corporation’s payout ratio is presently 11.79%.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the business’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 transaction of $125,008.00. Following the sale, the director now directly owns 14,960 shares of the company’s stock, valued at approximately $1,438,553.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.
CW has been the topic of several analyst reports. SunTrust Banks, Inc. upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and raised their price objective for the stock from $103.00 to $112.00 in a report on Monday, June 5th. BidaskClub upgraded Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research cut Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $107.40.
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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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