Capstone Asset Management Co. raised its position in Curtiss-Wright Corp. (NYSE:CW) by 8.6% during the second quarter, Holdings Channel reports. The firm owned 3,532 shares of the company’s stock after buying an additional 280 shares during the period. Capstone Asset Management Co.’s holdings in Curtiss-Wright Corp. were worth $298,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Curtiss-Wright Corp. by 48.4% in the first quarter. State Street Corp now owns 1,558,198 shares of the company’s stock worth $117,910,000 after buying an additional 508,349 shares during the period. Primecap Management Co. CA increased its stake in shares of Curtiss-Wright Corp. by 5.5% in the first quarter. Primecap Management Co. CA now owns 1,376,900 shares of the company’s stock worth $104,190,000 after buying an additional 72,250 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Curtiss-Wright Corp. by 15.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,324,764 shares of the company’s stock worth $100,245,000 after buying an additional 176,906 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Curtiss-Wright Corp. by 48.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,139,569 shares of the company’s stock worth $86,231,000 after buying an additional 369,843 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Curtiss-Wright Corp. by 141.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 635,740 shares of the company’s stock worth $48,106,000 after buying an additional 372,806 shares during the period. 77.11% of the stock is owned by institutional investors and hedge funds.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded down 1.09% during mid-day trading on Friday, reaching $88.40. 179,207 shares of the company’s stock traded hands. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 23.01 and a beta of 1.24. Curtiss-Wright Corp. has a 52 week low of $60.73 and a 52 week high of $91.56. The company’s 50 day moving average is $89.02 and its 200-day moving average is $82.65.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The company earned $532.80 million during the quarter, compared to analyst estimates of $523.84 million. Curtiss-Wright Corp. had a net margin of 8.21% and a return on equity of 14.15%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. Equities analysts expect that Curtiss-Wright Corp. will post $4.10 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, October 5th. Curtiss-Wright Corp.’s dividend payout ratio is currently 13.58%.
CW has been the subject of a number of recent research reports. Deutsche Bank AG reiterated a “buy” rating and set a $95.00 price objective (up previously from $89.00) on shares of Curtiss-Wright Corp. in a research report on Monday, June 13th. Zacks Investment Research upgraded Curtiss-Wright Corp. from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Wednesday, June 1st. Finally, William Blair initiated coverage on Curtiss-Wright Corp. in a research report on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 price objective for the company.
In related news, VP Tom P. Quinly sold 8,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $89.78, for a total value of $763,130.00. Following the completion of the sale, the vice president now owns 27,258 shares of the company’s stock, valued at $2,447,223.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John B. Nathman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $90.77, for a total transaction of $544,620.00. Following the completion of the sale, the director now directly owns 5,455 shares of the company’s stock, valued at approximately $495,150.35. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
Curtiss-Wright Corp. Company Profile
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corp. (NYSE:CW).
Receive News & Ratings for Curtiss-Wright Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corp. and related companies with MarketBeat.com's FREE daily email newsletter.