First Trust Advisors LP grew its position in Curtiss-Wright Corp. (NYSE:CW) by 249.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,649 shares of the aerospace company’s stock after purchasing an additional 76,823 shares during the quarter. First Trust Advisors LP owned approximately 0.24% of Curtiss-Wright worth $14,793,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Curtiss-Wright in the third quarter valued at approximately $107,000. Fort L.P. acquired a new stake in shares of Curtiss-Wright in the second quarter worth $116,000. Cerebellum GP LLC acquired a new stake in shares of Curtiss-Wright in the third quarter worth $182,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Curtiss-Wright by 31.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,674 shares of the aerospace company’s stock worth $199,000 after acquiring an additional 405 shares during the last quarter. Finally, Savant Capital LLC acquired a new stake in shares of Curtiss-Wright in the third quarter worth $230,000. 75.13% of the stock is currently owned by institutional investors.
In other Curtiss-Wright news, Director S Marce Fuller sold 1,250 shares of Curtiss-Wright stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $133.07, for a total transaction of $166,337.50. Following the sale, the director now owns 11,734 shares in the company, valued at $1,561,443.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.
Shares of Curtiss-Wright stock opened at $110.74 on Friday. The firm has a market capitalization of $5.01 billion, a PE ratio of 18.35, a P/E/G ratio of 1.45 and a beta of 1.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 2.25. Curtiss-Wright Corp. has a 1 year low of $105.77 and a 1 year high of $143.38.
Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.12. Curtiss-Wright had a net margin of 10.98% and a return on equity of 17.59%. The firm had revenue of $595.40 million for the quarter, compared to the consensus estimate of $628.27 million. During the same quarter in the previous year, the company earned $1.43 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Curtiss-Wright Corp. will post 6.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Thursday, October 4th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. Curtiss-Wright’s dividend payout ratio is currently 11.93%.
CW has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “strong-buy” rating and set a $152.00 price objective on the stock in a research note on Tuesday, October 9th. UBS Group initiated coverage on shares of Curtiss-Wright in a research note on Wednesday, August 15th. They issued a “neutral” rating and a $140.00 price objective on the stock. SunTrust Banks lowered their price objective on shares of Curtiss-Wright to $148.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Stifel Nicolaus set a $120.00 price objective on shares of Curtiss-Wright and gave the stock a “hold” rating in a research note on Thursday, November 1st. Finally, Bank of America lowered their price objective on shares of Curtiss-Wright from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $138.11.
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Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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