Los Angeles Capital Management & Equity Research Inc. lowered its position in Curtiss-Wright Corp. (NYSE:CW) by 74.2% during the second quarter, Holdings Channel reports. The institutional investor owned 9,675 shares of the company’s stock after selling 27,871 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Curtiss-Wright Corp. were worth $815,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Royce & Associates LP raised its position in Curtiss-Wright Corp. by 19.7% in the second quarter. Royce & Associates LP now owns 29,926 shares of the company’s stock valued at $2,521,000 after buying an additional 4,926 shares during the last quarter. Twin Capital Management Inc. purchased a new position in Curtiss-Wright Corp. during the second quarter valued at about $1,608,000. Mesirow Financial Investment Management Equity Management raised its position in Curtiss-Wright Corp. by 796.7% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 302,815 shares of the company’s stock valued at $25,514,000 after buying an additional 269,046 shares during the last quarter. ZWJ Investment Counsel Inc. raised its position in Curtiss-Wright Corp. by 0.8% in the second quarter. ZWJ Investment Counsel Inc. now owns 158,994 shares of the company’s stock valued at $13,395,000 after buying an additional 1,260 shares during the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in Curtiss-Wright Corp. during the second quarter valued at about $298,000. Institutional investors and hedge funds own 77.11% of the company’s stock.

Curtiss-Wright Corp. (NYSE:CW) traded up 1.13% during midday trading on Monday, reaching $86.48. The company’s stock had a trading volume of 163,053 shares. The company has a market capitalization of $3.84 billion, a P/E ratio of 22.51 and a beta of 1.24. Curtiss-Wright Corp. has a 1-year low of $60.73 and a 1-year high of $91.56. The company has a 50 day moving average of $89.28 and a 200-day moving average of $81.92.

Curtiss-Wright Corp. (NYSE:CW) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.07. The business earned $532.80 million during the quarter, compared to the consensus estimate of $523.84 million. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. Equities research analysts anticipate that Curtiss-Wright Corp. will post $4.10 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on CW shares. Zacks Investment Research raised Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Deutsche Bank AG reissued a “buy” rating and set a $95.00 target price (up previously from $89.00) on shares of Curtiss-Wright Corp. in a research note on Monday, June 13th. Finally, William Blair started coverage on Curtiss-Wright Corp. in a research note on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 target price on the stock.

In other news, Director John B. Nathman sold 6,000 shares of Curtiss-Wright Corp. stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $90.77, for a total value of $544,620.00. Following the completion of the sale, the director now owns 5,455 shares of the company’s stock, valued at $495,150.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William W. Dr Sihler sold 797 shares of Curtiss-Wright Corp. stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $82.06, for a total value of $65,401.82. Following the completion of the sale, the director now directly owns 7,521 shares of the company’s stock, valued at approximately $617,173.26. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Curtiss-Wright Corp. Company Profile

Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.

5 Day Chart for NYSE:CW

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