O Shaughnessy Asset Management LLC Sells 1,540 Shares of Curtiss-Wright Corporation $CW

O Shaughnessy Asset Management LLC trimmed its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 19,421 shares of the aerospace company’s stock after selling 1,540 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Curtiss-Wright were worth $10,706,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Curtiss-Wright by 738.8% during the fourth quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock valued at $14,335,000 after purchasing an additional 22,903 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Curtiss-Wright during the third quarter valued at approximately $37,812,000. Grove Bank & Trust purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $1,104,000. Fisher Asset Management LLC lifted its holdings in shares of Curtiss-Wright by 7.2% during the third quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company’s stock valued at $65,443,000 after purchasing an additional 8,095 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Curtiss-Wright by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company’s stock valued at $100,567,000 after purchasing an additional 7,022 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $721.75 on Thursday. Curtiss-Wright Corporation has a twelve month low of $447.11 and a twelve month high of $760.72. The firm has a market cap of $26.66 billion, a P/E ratio of 52.88, a PEG ratio of 3.40 and a beta of 0.85. The company has a 50 day moving average of $724.20 and a 200 day moving average of $662.21. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same period in the previous year, the business earned $2.82 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts expect that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Insiders Place Their Bets

In other Curtiss-Wright news, COO Kevin Rayment sold 907 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the completion of the sale, the chief operating officer owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO K Christopher Farkas sold 918 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total transaction of $621,908.28. Following the completion of the sale, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at approximately $3,738,224.28. This trade represents a 14.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,080 shares of company stock worth $6,297,278 in the last 90 days. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

CW has been the subject of several recent research reports. Citigroup lifted their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Morgan Stanley reiterated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $746.67.

Curtiss-Wright Profile

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.