First Trust Advisors LP boosted its position in Curtiss-Wright Corp. (NYSE:CW) by 91.2% during the second quarter, Holdings Channel reports. The firm owned 13,312 shares of the company’s stock after buying an additional 6,349 shares during the period. First Trust Advisors LP’s holdings in Curtiss-Wright Corp. were worth $1,122,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in CW. Bank of Montreal Can purchased a new stake in shares of Curtiss-Wright Corp. during the second quarter worth about $169,000. LS Investment Advisors LLC raised its position in shares of Curtiss-Wright Corp. by 72.4% in the second quarter. LS Investment Advisors LLC now owns 2,747 shares of the company’s stock worth $231,000 after buying an additional 1,154 shares during the period. Capstone Asset Management Co. raised its position in shares of Curtiss-Wright Corp. by 8.6% in the second quarter. Capstone Asset Management Co. now owns 3,532 shares of the company’s stock worth $298,000 after buying an additional 280 shares during the period. Oakbrook Investments LLC raised its position in shares of Curtiss-Wright Corp. by 2.9% in the second quarter. Oakbrook Investments LLC now owns 3,600 shares of the company’s stock worth $303,000 after buying an additional 100 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Curtiss-Wright Corp. during the second quarter worth $354,000. Hedge funds and other institutional investors own 77.11% of the company’s stock.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 0.15% during trading on Tuesday, hitting $90.93. 75,884 shares of the stock were exchanged. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 23.67 and a beta of 1.27. The stock’s 50 day moving average is $89.15 and its 200-day moving average is $83.67. Curtiss-Wright Corp. has a 12-month low of $62.57 and a 12-month high of $91.74.
Curtiss-Wright Corp. (NYSE:CW) last released its earnings results on Wednesday, July 27th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Curtiss-Wright Corp. had a net margin of 8.21% and a return on equity of 14.15%. The business had revenue of $532.80 million for the quarter, compared to the consensus estimate of $523.84 million. During the same period in the previous year, the firm earned $0.83 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Corp. will post $4.10 EPS for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.57%. Curtiss-Wright Corp.’s payout ratio is currently 13.58%.
A number of equities analysts have weighed in on the stock. William Blair assumed coverage on shares of Curtiss-Wright Corp. in a report on Wednesday, August 3rd. They issued a “market perform” rating and a $92.00 price target on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $95.00 price target (up previously from $89.00) on shares of Curtiss-Wright Corp. in a report on Monday, June 13th. Finally, Zacks Investment Research upgraded shares of Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 18th.
In other news, VP Tom P. Quinly sold 8,500 shares of the business’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 transaction of $763,130.00. Following the sale, the vice president now owns 27,258 shares in the company, valued at $2,447,223.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Nathman sold 6,000 shares of the business’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 sale, the director now owns 5,455 shares in the company, 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.
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