Curtiss-Wright Corporation (CW) Sets New 1-Year High at $120.10
Curtiss-Wright Corporation (NYSE:CW) hit a new 52-week high during trading on Thursday . The company traded as high as $120.10 and last traded at $0.00, with a volume of shares traded.
A number of equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub raised shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus reissued a “hold” rating and set a $117.00 price objective on shares of Curtiss-Wright Corporation in a report on Tuesday, October 17th. SunTrust Banks, Inc. reissued a “buy” rating and set a $128.00 price objective on shares of Curtiss-Wright Corporation in a report on Friday, October 20th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright Corporation in a report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Curtiss-Wright Corporation currently has an average rating of “Buy” and a consensus target price of $126.67.
Curtiss-Wright Corporation (NYSE:CW) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.21. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The business had revenue of $567.90 million for the quarter, compared to analysts’ expectations of $539.28 million. During the same period in the prior year, the business posted $1.02 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of Infinity. Curtiss-Wright Corporation’s dividend payout ratio is presently 12.45%.
In other Curtiss-Wright Corporation news, VP Paul J. Ferdenzi sold 2,340 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $108.00, for a total value of $252,720.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total value of $733,385.26. Following the completion of the transaction, the vice president now directly owns 19,467 shares in the company, valued at $2,067,006.06. The disclosure for this sale can be found here. Insiders sold 23,865 shares of company stock worth $2,685,264 over the last quarter. 1.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of CW. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Curtiss-Wright Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after buying an additional 143 shares during the period. Harbour Capital Advisors LLC lifted its stake in Curtiss-Wright Corporation by 93.2% in the second quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after buying an additional 7,970 shares during the period. Burney Co. acquired a new position in Curtiss-Wright Corporation in the second quarter valued at approximately $203,000. Quantitative Systematic Strategies LLC acquired a new position in Curtiss-Wright Corporation in the third quarter valued at approximately $212,000. Finally, Linscomb & Williams Inc. acquired a new position in Curtiss-Wright Corporation in the third quarter valued at approximately $212,000. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
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Curtiss-Wright Corporation Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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