Sterling Capital Management LLC Sells 1,186 Shares of Curtiss-Wright Corporation $CW

Sterling Capital Management LLC lowered its position in Curtiss-Wright Corporation (NYSE:CW) by 23.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,942 shares of the aerospace company’s stock after selling 1,186 shares during the quarter. Sterling Capital Management LLC’s holdings in Curtiss-Wright were worth $2,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after purchasing an additional 20,379 shares during the last quarter. Sivia Capital Partners LLC acquired 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% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 35 shares during the period. Marshall Wace LLP bought a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $5,423,000. Finally, Cresset Asset Management LLC increased its holdings in shares of Curtiss-Wright by 46.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after acquiring an additional 457 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of research analyst reports. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Citigroup upped their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $746.67.

Curtiss-Wright Trading Up 0.0%

Shares of NYSE:CW opened at $747.45 on Monday. The business’s 50 day simple moving average is $737.23 and its 200 day simple moving average is $680.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. Curtiss-Wright Corporation has a 1 year low of $463.00 and a 1 year high of $800.00. The company has a market capitalization of $27.61 billion, a P/E ratio of 54.76, a P/E/G ratio of 3.46 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. During the same quarter last year, the business posted $2.82 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that Curtiss-Wright Corporation will post 15.17 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is 7.62%.

Insider Transactions at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, 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. Over the last 90 days, insiders sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by insiders.

About Curtiss-Wright

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.