Wedge Capital Management L L P NC Has $72.38 Million Position in Curtiss-Wright Corporation $CW

Wedge Capital Management L L P NC lowered its position in Curtiss-Wright Corporation (NYSE:CW) by 5.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 133,317 shares of the aerospace company’s stock after selling 7,134 shares during the period. Curtiss-Wright accounts for approximately 1.2% of Wedge Capital Management L L P NC’s portfolio, making the stock its 9th largest position. Wedge Capital Management L L P NC owned 0.35% of Curtiss-Wright worth $72,383,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in Curtiss-Wright by 5.3% during the first quarter. Wellington Management Group LLP now owns 189,250 shares of the aerospace company’s stock valued at $60,043,000 after acquiring an additional 9,569 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Curtiss-Wright by 249.6% during the 1st quarter. Hsbc Holdings PLC now owns 14,008 shares of the aerospace company’s stock valued at $4,407,000 after purchasing an additional 10,001 shares in the last quarter. Compound Planning Inc. grew its stake in Curtiss-Wright by 10.2% during the first quarter. Compound Planning Inc. now owns 744 shares of the aerospace company’s stock worth $236,000 after purchasing an additional 69 shares during the period. 1832 Asset Management L.P. bought a new stake in Curtiss-Wright in the first quarter worth approximately $485,000. Finally, AlphaQuest LLC lifted its stake in Curtiss-Wright by 605.0% in the first quarter. AlphaQuest LLC now owns 705 shares of the aerospace company’s stock valued at $224,000 after buying an additional 605 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 2.2%

Shares of NYSE CW opened at $554.53 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The company has a 50-day moving average price of $559.20 and a 200-day moving average price of $515.77. The stock has a market capitalization of $20.45 billion, a P/E ratio of 45.19, a P/E/G ratio of 2.92 and a beta of 0.93. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.12. The business had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.89 EPS. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, November 28th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is 7.82%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Curtiss-Wright in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $660.00 price target on shares of Curtiss-Wright in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $585.50.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.