BlackRock Inc. decreased its stake in Curtiss-Wright Corporation (NYSE:CW) by 7.7% during the third quarter, Holdings Channel reports. The firm owned 19,246 shares of the company’s stock after selling 1,615 shares during the period. BlackRock Inc.’s holdings in Curtiss-Wright Corporation were worth $1,753,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CW. Acrospire Investment Management LLC bought a new stake in shares of Curtiss-Wright Corporation during the second quarter valued at approximately $110,000. Public Employees Retirement System of Ohio raised its stake in shares of Curtiss-Wright Corporation by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,477 shares of the company’s stock valued at $209,000 after buying an additional 44 shares in the last quarter. Sawgrass Asset Management LLC bought a new stake in shares of Curtiss-Wright Corporation during the third quarter valued at approximately $232,000. LS Investment Advisors LLC raised its stake in shares of Curtiss-Wright Corporation by 72.4% in the second quarter. LS Investment Advisors LLC now owns 2,747 shares of the company’s stock valued at $231,000 after buying an additional 1,154 shares in the last quarter. Finally, World Asset Management Inc bought a new stake in shares of Curtiss-Wright Corporation during the third quarter valued at approximately $260,000. 76.22% of the stock is owned by institutional investors and hedge funds.

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

Curtiss-Wright Corporation (NYSE:CW) traded down 0.10% on Friday, reaching $97.40. 270,166 shares of the company’s stock were exchanged. Curtiss-Wright Corporation has a 1-year low of $62.57 and a 1-year high of $107.61. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 23.46 and a beta of 1.30. The stock’s 50 day moving average price is $101.16 and its 200 day moving average price is $91.58.

Curtiss-Wright Corporation (NYSE:CW) last announced its earnings results on Wednesday, October 26th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. The business earned $507.09 million during the quarter, compared to the consensus estimate of $518.66 million. Curtiss-Wright Corporation had a net margin of 8.84% and a return on equity of 14.85%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, analysts expect that Curtiss-Wright Corporation will post $4.11 earnings per share for the current year.

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CW has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. CL King lowered shares of Curtiss-Wright Corporation from a “buy” rating to a “neutral” rating in a research note on Friday, November 11th. Deutsche Bank AG lifted their price target on shares of Curtiss-Wright Corporation from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Monday, December 5th. Finally, Bank of America lowered shares of Curtiss-Wright Corporation from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research note on Friday, November 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $98.50.

In other Curtiss-Wright Corporation news, VP Glenn E. Tynan sold 5,732 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $97.12, for a total transaction of $556,691.84. Following the transaction, the vice president now directly owns 73,657 shares in the company, valued at approximately $7,153,567.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Charles Adams sold 6,461 shares of the stock in a transaction on Friday, December 9th. The shares were sold at an average price of $106.62, for a total transaction of $688,871.82. Following the transaction, the chief executive officer now owns 53,570 shares in the company, valued at $5,711,633.40. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

About Curtiss-Wright Corporation

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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