Bessemer Group Inc. Has $27.32 Million Holdings in Curtiss-Wright Corporation $CW

Bessemer Group Inc. increased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,109 shares of the aerospace company’s stock after acquiring an additional 1,522 shares during the quarter. Bessemer Group Inc.’s holdings in Curtiss-Wright were worth $27,318,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in shares of Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after buying an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Curtiss-Wright in the second quarter valued at approximately $235,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Curtiss-Wright by 53.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after buying an additional 35 shares during the period. Marshall Wace LLP acquired a new stake in Curtiss-Wright during the second quarter worth approximately $5,423,000. Finally, Cresset Asset Management LLC grew its position in Curtiss-Wright by 46.4% during the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after buying an additional 457 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the sale, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This represents a 15.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,119 shares of company stock valued at $2,257,998. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $708.83 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 51.93, a P/E/G ratio of 3.24 and a beta of 0.86. The firm’s 50 day simple moving average is $746.21 and its 200 day simple moving average is $700.32. Curtiss-Wright Corporation has a 1 year low of $463.00 and a 1 year high of $808.16.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business had revenue of $913.69 million during the quarter, compared to the consensus estimate of $863.83 million. During the same period in the previous year, the business earned $2.82 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts expect that Curtiss-Wright Corporation will post 15.23 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were paid a $0.24 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.

Analyst Upgrades and Downgrades

CW has been the subject of several analyst reports. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Weiss Ratings downgraded Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Citigroup increased their target price on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Morgan Stanley restated an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday. Finally, Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.33.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.