Aberdeen Asset Management PLC UK raised its position in shares of Curtiss-Wright Corp. (NYSE:CW) by 15.8% during the first quarter, Holdings Channel reports. The firm owned 500,521 shares of the aerospace company’s stock after buying an additional 68,368 shares during the period. Aberdeen Asset Management PLC UK owned approximately 1.12% of Curtiss-Wright Corp. worth $45,678,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Fund Management S.A. acquired a new position in shares of Curtiss-Wright Corp. during the third quarter worth $1,986,000. Huntington National Bank raised its stake in Curtiss-Wright Corp. by 20,870.0% in the third quarter. Huntington National Bank now owns 8,388 shares of the aerospace company’s stock worth $765,000 after buying an additional 8,348 shares in the last quarter. Bank of The Ozarks raised its stake in Curtiss-Wright Corp. by 3.6% in the third quarter. Bank of The Ozarks now owns 2,924 shares of the aerospace company’s stock worth $266,000 after buying an additional 101 shares in the last quarter. BlackRock Advisors LLC raised its stake in Curtiss-Wright Corp. by 8.8% in the third quarter. BlackRock Advisors LLC now owns 22,710 shares of the aerospace company’s stock worth $2,069,000 after buying an additional 1,844 shares in the last quarter. Finally, IronBridge Capital Management LP raised its stake in Curtiss-Wright Corp. by 5.7% in the third quarter. IronBridge Capital Management LP now owns 174,264 shares of the aerospace company’s stock worth $15,877,000 after buying an additional 9,440 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.
Curtiss-Wright Corp. (NYSE:CW) traded up 1.81% during mid-day trading on Friday, reaching $84.92. 415,104 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a 12 month low of $78.34 and a 12 month high of $107.61. The firm’s 50-day moving average price is $89.75 and its 200 day moving average price is $95.58. The stock has a market capitalization of $3.76 billion, a PE ratio of 20.43 and a beta of 1.30.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 22nd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.62%. Curtiss-Wright Corp.’s payout ratio is 12.56%.
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A number of research firms have recently issued reports on CW. Zacks Investment Research upgraded shares of Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. William Blair began coverage on shares of Curtiss-Wright Corp. in a research note on Friday, February 17th. They set a “market perform” rating on the stock. Finally, SunTrust Banks, Inc. began coverage on shares of Curtiss-Wright Corp. in a research note on Thursday, January 19th. They set a “hold” rating and a $105.00 price objective on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $102.60.
In other news, VP Glenn E. Tynan sold 7,729 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $98.05, for a total transaction of $757,828.45. Following the sale, the vice president now owns 67,925 shares in the company, valued at $6,660,046.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Charles Adams sold 16,434 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $97.37, for a total value of $1,600,178.58. 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 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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