Curtiss-Wright Corporation (CW) Shares Bought by Comerica Bank
Comerica Bank lifted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 8.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,489 shares of the aerospace company’s stock after buying an additional 3,461 shares during the quarter. Comerica Bank owned about 0.10% of Curtiss-Wright Corporation worth $5,219,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 last quarter. Harbour Capital Advisors LLC raised its holdings in Curtiss-Wright Corporation by 93.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 7,970 shares during the last quarter. Burney Co. bought a new stake in Curtiss-Wright Corporation during the 2nd quarter worth about $203,000. Quantitative Systematic Strategies LLC bought a new stake in Curtiss-Wright Corporation during the 3rd quarter worth about $212,000. Finally, Linscomb & Williams Inc. bought a new stake in Curtiss-Wright Corporation during the 3rd quarter worth about $212,000. 74.90% of the stock is owned by institutional investors and hedge funds.
In related news, CEO David Charles Adams sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total value of $2,023,680.00. Following the completion of the transaction, the chief executive officer now directly owns 70,570 shares in the company, valued at approximately $8,400,652.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Glenn E. Tynan sold 2,082 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were 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. Insiders have sold a total of 60,488 shares of company stock valued at $7,041,956 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.
Curtiss-Wright Corporation (CW) opened at $120.59 on Thursday. The stock has a market capitalization of $5,360.39, a PE ratio of 25.41, a PEG ratio of 2.07 and a beta of 1.25. Curtiss-Wright Corporation has a 12-month low of $82.77 and a 12-month high of $121.85. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55.
Curtiss-Wright Corporation (NYSE:CW) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.21. The company had revenue of $567.90 million during the quarter, compared to analyst estimates of $539.28 million. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 EPS. equities research analysts predict that Curtiss-Wright Corporation will post 4.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.50%. Curtiss-Wright Corporation’s payout ratio is currently 12.45%.
Several analysts have weighed in on CW shares. Zacks Investment Research raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Thursday, August 17th. Deutsche Bank AG reissued a “buy” rating and set a $125.00 price objective on shares of Curtiss-Wright Corporation in a report on Friday, October 6th. 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. Bank of America Corporation raised Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Monday, October 30th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright Corporation in a report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Curtiss-Wright Corporation currently has an average rating of “Buy” and an average target price of $126.67.
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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