Curtiss-Wright Corporation (CW) Shares Bought by Alps Advisors Inc.
Alps Advisors Inc. boosted its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,808 shares of the aerospace company’s stock after buying an additional 429 shares during the quarter. Alps Advisors Inc.’s holdings in Curtiss-Wright Corporation were worth $398,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in CW. BlackRock Inc. raised its holdings in Curtiss-Wright Corporation by 0.6% in the second quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock valued at $470,833,000 after acquiring an additional 30,422 shares in the last quarter. State Street Corp raised its holdings in Curtiss-Wright Corporation by 5.8% in the second quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock valued at $163,017,000 after acquiring an additional 97,137 shares in the last quarter. Boston Partners raised its holdings in Curtiss-Wright Corporation by 44.8% in the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock valued at $142,337,000 after acquiring an additional 421,332 shares in the last quarter. Northern Trust Corp raised its holdings in Curtiss-Wright Corporation by 1.5% in the second quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock valued at $113,933,000 after acquiring an additional 17,769 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in Curtiss-Wright Corporation by 4.8% in the second quarter. Westwood Holdings Group Inc. now owns 677,570 shares of the aerospace company’s stock valued at $62,271,000 after acquiring an additional 30,777 shares in the last quarter. 74.90% of the stock is owned by institutional investors.
Curtiss-Wright Corporation (CW) opened at $121.47 on Wednesday. Curtiss-Wright Corporation has a 1 year low of $82.77 and a 1 year high of $121.84. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. The firm has a market cap of $5,290.23, a price-to-earnings ratio of 25.08, a P/E/G ratio of 2.04 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.21. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The firm had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. During the same period last year, the firm posted $1.02 EPS. Curtiss-Wright Corporation’s quarterly revenue was up 12.0% on a year-over-year basis. equities analysts anticipate that Curtiss-Wright Corporation will post 4.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 29th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Tuesday, November 28th. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is currently 12.45%.
Several equities analysts have commented on CW shares. Zacks Investment Research lowered shares of Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Bank of America Corporation upgraded shares of Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Monday, October 30th. Wells Fargo & Company increased their price target on shares of Curtiss-Wright Corporation from $100.00 to $120.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $117.00 price target on shares of Curtiss-Wright Corporation in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $126.67.
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In other news, CEO David Charles Adams sold 17,000 shares of Curtiss-Wright Corporation stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total transaction of $2,023,680.00. Following the completion of the transaction, the chief executive officer now owns 70,570 shares of the company’s stock, valued at approximately $8,400,652.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Glenn E. Tynan sold 2,082 shares of Curtiss-Wright Corporation stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $120.00, for a total value of $249,840.00. The disclosure for this sale can be found here. In the last three months, insiders sold 52,570 shares of company stock valued at $6,091,796. 1.10% of the stock is owned by corporate insiders.
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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