First Trust Advisors LP increased its position in Curtiss-Wright Co. (NYSE:CW) by 154.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,579 shares of the aerospace company’s stock after buying an additional 36,784 shares during the period. First Trust Advisors LP owned about 0.15% of Curtiss-Wright worth $5,650,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Curtiss-Wright by 1.2% during the second quarter. Arizona State Retirement System now owns 9,635 shares of the aerospace company’s stock worth $860,000 after acquiring an additional 114 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Curtiss-Wright by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 47,112 shares of the aerospace company’s stock valued at $4,206,000 after purchasing an additional 136 shares in the last quarter. Marks Group Wealth Management Inc boosted its stake in shares of Curtiss-Wright by 0.5% during the second quarter. Marks Group Wealth Management Inc now owns 39,822 shares of the aerospace company’s stock valued at $3,544,000 after purchasing an additional 191 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Curtiss-Wright by 6.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,874 shares of the aerospace company’s stock valued at $345,000 after purchasing an additional 230 shares in the last quarter. Finally, Cardinal Capital Management boosted its stake in shares of Curtiss-Wright by 3.2% during the third quarter. Cardinal Capital Management now owns 8,379 shares of the aerospace company’s stock valued at $781,000 after purchasing an additional 261 shares in the last quarter. 69.70% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on CW. TheStreet upgraded shares of Curtiss-Wright from a “c” rating to a “b-” rating in a research note on Monday, November 9th. ValuEngine raised shares of Curtiss-Wright from a “sell” rating to a “hold” rating in a report on Monday, November 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $120.25.
CW opened at $111.65 on Friday. Curtiss-Wright Co. has a fifty-two week low of $70.56 and a fifty-two week high of $149.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.37. The company has a fifty day moving average of $97.02 and a two-hundred day moving average of $95.96. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 20.01 and a beta of 1.34.
Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, October 28th. The aerospace company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.32. Curtiss-Wright had a net margin of 9.96% and a return on equity of 16.15%. On average, equities research analysts forecast that Curtiss-Wright Co. will post 6.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 25th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, November 24th. Curtiss-Wright’s payout ratio is currently 9.35%.
In other Curtiss-Wright news, CEO David Charles Adams sold 2,500 shares of the stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $112.00, for a total value of $280,000.00. Following the sale, the chief executive officer now directly owns 57,556 shares of the company’s stock, valued at approximately $6,446,272. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.
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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