Shelton Capital Management Buys New Stake in Curtiss-Wright Corporation (CW)
Shelton Capital Management bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,144 shares of the aerospace company’s stock, valued at approximately $289,000.
Several other institutional investors also recently bought and sold shares of the company. Flinton Capital Management LLC grew its position in shares of Curtiss-Wright Corporation by 47.7% during the 2nd quarter. Flinton Capital Management LLC now owns 4,420 shares of the aerospace company’s stock worth $406,000 after buying an additional 1,428 shares during the period. Capital Research Global Investors acquired a new position in shares of Curtiss-Wright Corporation during the 2nd quarter worth about $42,330,000. Stifel Financial Corp grew its position in shares of Curtiss-Wright Corporation by 90.7% during the 2nd quarter. Stifel Financial Corp now owns 5,812 shares of the aerospace company’s stock worth $534,000 after buying an additional 2,765 shares during the period. Voya Investment Management LLC grew its position in shares of Curtiss-Wright Corporation by 137.8% during the 2nd quarter. Voya Investment Management LLC now owns 584,459 shares of the aerospace company’s stock worth $53,641,000 after buying an additional 338,718 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in shares of Curtiss-Wright Corporation during the 2nd quarter worth about $2,062,000. Institutional investors own 76.18% of the company’s stock.
Curtiss-Wright Corporation (NYSE CW) opened at 113.21 on Friday. Curtiss-Wright Corporation has a 12 month low of $82.77 and a 12 month high of $113.30. The company has a 50 day moving average price of $102.74 and a 200 day moving average price of $94.65. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 25.68 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last released its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, topping the 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 analysts’ expectations of $546.73 million. During the same quarter last year, the firm posted $0.88 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Analysts anticipate that Curtiss-Wright Corporation will post $4.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 0.53%. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is currently 13.61%.
Several equities analysts have recently issued reports on CW shares. Zacks Investment Research upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Thursday, August 17th. Deutsche Bank AG restated a “buy” rating and set a $125.00 target price on shares of Curtiss-Wright Corporation in a research report on Friday, October 6th. Finally, Stifel Nicolaus started coverage on Curtiss-Wright Corporation in a research report on Monday, September 18th. They set a “hold” rating and a $100.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $111.60.
COPYRIGHT VIOLATION WARNING: This article was first reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.watchlistnews.com/shelton-capital-management-buys-new-stake-in-curtiss-wright-corporation-cw/1632539.html.
In related news, Director S Marce Fuller sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 available at the SEC website. Also, VP Paul J. Ferdenzi sold 2,651 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $111.00, for a total value of $294,261.00. The disclosure for this sale can be found here. Insiders have sold 13,198 shares of company stock valued at $1,405,374 in the last ninety days. 1.10% of the stock is currently owned by insiders.
Curtiss-Wright Corporation 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.
Receive News & Ratings for Curtiss-Wright Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.