Whittier Trust Co. increased its stake in shares of Curtiss-Wright Corp. (NYSE:CW) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 14,561 shares of the company’s stock after buying an additional 168 shares during the period. Whittier Trust Co.’s holdings in Curtiss-Wright Corp. were worth $1,227,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of CW. State Street Corp boosted its position in shares of 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 last quarter. Adage Capital Partners GP L.L.C. raised 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. Goldman Sachs Group Inc. raised 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. UBS Asset Management Americas Inc. raised its stake in shares of Curtiss-Wright Corp. by 683.0% in the first quarter. UBS Asset Management Americas Inc. now owns 302,531 shares of the company’s stock worth $22,892,000 after buying an additional 263,896 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Curtiss-Wright Corp. by 431.4% in the first quarter. Renaissance Technologies LLC now owns 223,700 shares of the company’s stock worth $16,927,000 after buying an additional 181,600 shares during the period. Hedge funds and other institutional investors own 77.11% of the company’s stock.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 0.47% during midday trading on Monday, hitting $88.28. 142,199 shares of the stock were exchanged. The stock has a market cap of $3.92 billion, a P/E ratio of 22.98 and a beta of 1.27. Curtiss-Wright Corp. has a 12 month low of $62.57 and a 12 month high of $92.08. The firm has a 50 day moving average of $89.25 and a 200-day moving average of $84.00.
Curtiss-Wright Corp. (NYSE:CW) last issued its earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 firm earned $532.80 million during the quarter, compared to analyst estimates of $523.84 million. During the same quarter in the prior year, the business earned $0.83 earnings per share. Curtiss-Wright Corp.’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 business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.59%. Curtiss-Wright Corp.’s dividend payout ratio is 13.58%.
A number of equities research analysts have issued reports on CW shares. Zacks Investment Research raised shares of Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 26th. Deutsche Bank AG reissued 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, William Blair started 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.
In related news, Director John B. Nathman sold 6,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $495,150.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Tom P. Quinly sold 8,500 shares of the company’s stock in a transaction 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 directly owns 27,258 shares in the company, valued at approximately $2,447,223.24. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
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.