Retirement Systems of Alabama Raises Stake in Curtiss-Wright Corporation (CW)
Retirement Systems of Alabama boosted its position in Curtiss-Wright Corporation (NYSE:CW) by 25.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,409 shares of the aerospace company’s stock after buying an additional 29,105 shares during the period. Retirement Systems of Alabama’s holdings in Curtiss-Wright Corporation were worth $13,162,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. World Asset Management Inc boosted its position in Curtiss-Wright Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 2,716 shares of the aerospace company’s stock worth $248,000 after buying an additional 49 shares during the last quarter. Paloma Partners Management Co raised its stake in Curtiss-Wright Corporation by 12.8% in the first quarter. Paloma Partners Management Co now owns 36,450 shares of the aerospace company’s stock worth $3,327,000 after buying an additional 4,123 shares during the period. Bank of Nova Scotia bought a new stake in Curtiss-Wright Corporation during the first quarter worth $13,689,000. Bank of America Corp DE raised its stake in Curtiss-Wright Corporation by 17.7% in the first quarter. Bank of America Corp DE now owns 187,591 shares of the aerospace company’s stock worth $17,119,000 after buying an additional 28,173 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Curtiss-Wright Corporation by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 944,060 shares of the aerospace company’s stock worth $86,157,000 after buying an additional 44,555 shares during the period. Hedge funds and other institutional investors own 77.03% of the company’s stock.
Curtiss-Wright Corporation (NYSE:CW) opened at 97.46 on Thursday. Curtiss-Wright Corporation has a 52-week low of $82.77 and a 52-week high of $107.61. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 22.11 and a beta of 1.25. The firm’s 50-day moving average price is $94.04 and its 200-day moving average price is $93.29.
Curtiss-Wright Corporation (NYSE:CW) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The business had revenue of $567.70 million during the quarter, compared to analyst estimates of $546.73 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that Curtiss-Wright Corporation will post $4.56 EPS for the current year.
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A number of equities research analysts have recently weighed in on CW shares. Zacks Investment Research raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Tuesday, May 23rd. SunTrust Banks, Inc. raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and boosted their target price for the company from $103.00 to $112.00 in a research note on Monday, June 5th. Finally, BidaskClub raised Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Curtiss-Wright Corporation currently has an average rating of “Hold” and a consensus target price of $104.00.
In other news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total transaction of $125,008.00. Following the completion of the sale, the director now owns 14,960 shares of the company’s stock, valued at $1,438,553.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
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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