Cambridge Investment Research Advisors Inc. grew its holdings in Curtiss-Wright Corporation (NYSE:CW) by 16.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,555 shares of the aerospace company’s stock after acquiring an additional 655 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Curtiss-Wright were worth $476,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in CW. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Curtiss-Wright by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 143 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Curtiss-Wright by 93.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after acquiring an additional 7,970 shares during the last quarter. Burney Co. purchased a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $203,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $212,000. Finally, Linscomb & Williams Inc. purchased a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $212,000. 74.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of Curtiss-Wright Corporation (NYSE:CW) opened at $120.97 on Monday. Curtiss-Wright Corporation has a twelve month low of $82.77 and a twelve month high of $121.85. The stock has a market cap of $5,338.29, a price-to-earnings ratio of 25.31, a P/E/G ratio of 2.06 and a beta of 1.25. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.21. The firm had revenue of $567.90 million for the quarter, compared to the consensus estimate of $539.28 million. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 earnings per share. analysts anticipate that Curtiss-Wright Corporation will post 4.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, November 28th. Curtiss-Wright’s dividend payout ratio is presently 12.45%.
A number of brokerages recently issued reports on CW. Wells Fargo & Company increased their price target on shares of Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Bank of America Corporation raised shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Monday, October 30th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $125.00 price target on shares of Curtiss-Wright in a report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $126.67.
In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,651 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $111.00, for a total transaction of $294,261.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul J. Ferdenzi sold 2,340 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $108.00, for a total transaction of $252,720.00. The disclosure for this sale can be found here. Insiders have sold 60,488 shares of company stock valued at $7,041,956 over the last 90 days. 1.10% of the stock is currently owned by company insiders.
Curtiss-Wright 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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