Prudential Financial Inc. Has $51.72 Million Holdings in Curtiss-Wright Corporation (CW)

Prudential Financial Inc. raised its stake in Curtiss-Wright Corporation (NYSE:CW) by 51.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 494,748 shares of the aerospace company’s stock after acquiring an additional 167,135 shares during the period. Prudential Financial Inc. owned about 1.12% of Curtiss-Wright Corporation worth $51,721,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Neuberger Berman Group LLC grew its position in Curtiss-Wright Corporation by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after acquiring an additional 18 shares during the period. World Asset Management Inc grew its position in Curtiss-Wright Corporation by 1.2% in the second quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after acquiring an additional 33 shares during the period. Teacher Retirement System of Texas grew its position in Curtiss-Wright Corporation by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after acquiring an additional 46 shares during the period. Oakbrook Investments LLC grew its position in Curtiss-Wright Corporation by 1.6% in the second quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 50 shares during the period. Finally, State Treasurer State of Michigan grew its position in Curtiss-Wright Corporation by 0.6% in the second quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 76.45% of the company’s stock.

Shares of Curtiss-Wright Corporation (NYSE CW) opened at $118.23 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08. The company has a market capitalization of $5,265.52, a price-to-earnings ratio of 24.96, a PEG ratio of 2.03 and a beta of 1.25. Curtiss-Wright Corporation has a 1-year low of $82.77 and a 1-year high of $120.54.

Curtiss-Wright Corporation (NYSE:CW) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.22 by $0.21. The company had revenue of $567.90 million for the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 earnings per share. research analysts expect that Curtiss-Wright Corporation will post 4.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a $0.15 dividend. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 0.51%. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is currently 12.45%.

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Several brokerages have recently commented on CW. Zacks Investment Research cut Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub upgraded Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a “hold” rating and set a $117.00 target price on shares of Curtiss-Wright Corporation in a report on Tuesday, October 17th. SunTrust Banks, Inc. restated a “buy” rating and set a $128.00 target price on shares of Curtiss-Wright Corporation in a report on Friday, October 20th. Finally, Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright Corporation in a report on Friday, October 27th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $126.67.

In related news, VP Paul J. Ferdenzi sold 6,907 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $106.18, for a total value of $733,385.26. Following the transaction, the vice president now owns 19,467 shares in the company, valued at $2,067,006.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Charles Adams sold 17,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $119.04, for a total value of $2,023,680.00. Following the completion of the transaction, the chief executive officer now owns 70,570 shares in the company, valued at approximately $8,400,652.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,865 shares of company stock worth $4,708,944. 1.10% of the stock is owned by company insiders.

Curtiss-Wright Corporation 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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Institutional Ownership by Quarter for Curtiss-Wright Corporation (NYSE:CW)

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