BlueMountain Capital Management LLC cut its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 41.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,412 shares of the aerospace company’s stock after selling 13,751 shares during the period. BlueMountain Capital Management LLC’s holdings in Curtiss-Wright Corporation were worth $1,782,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Neuberger Berman Group LLC increased its position in shares of Curtiss-Wright Corporation by 0.5% during the second quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock worth $303,000 after acquiring an additional 18 shares in the last quarter. World Asset Management Inc increased its position in shares of Curtiss-Wright Corporation by 1.2% during the second quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock worth $252,000 after acquiring an additional 33 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Curtiss-Wright Corporation by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock worth $311,000 after acquiring an additional 46 shares in the last quarter. Oakbrook Investments LLC increased its position in shares of Curtiss-Wright Corporation by 1.6% during the second quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock worth $298,000 after acquiring an additional 50 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of Curtiss-Wright Corporation by 0.7% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 7,674 shares of the aerospace company’s stock worth $700,000 after acquiring an additional 51 shares in the last quarter. 76.18% of the stock is owned by institutional investors.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the completion of the transaction, the director now directly owns 14,960 shares of the company’s stock, valued at $1,438,553.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.
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Several equities research analysts have recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Curtiss-Wright Corporation in a research report on Monday. They set a “hold” rating and a $100.00 target price for the company. Zacks Investment Research raised shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Thursday, September 14th. Finally, BidaskClub raised shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $106.20.
Shares of Curtiss-Wright Corporation (CW) opened at 102.22 on Tuesday. The firm has a 50-day moving average of $96.67 and a 200-day moving average of $92.96. The company has a market capitalization of $4.51 billion, a P/E ratio of 23.19 and a beta of 1.26. Curtiss-Wright Corporation has a 12 month low of $82.77 and a 12 month high of $107.61.
Curtiss-Wright Corporation (NYSE:CW) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.16. The business had revenue of $567.70 million during the quarter, compared to analysts’ expectations of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. On average, equities analysts predict that Curtiss-Wright Corporation will post $4.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 0.59%. Curtiss-Wright Corporation’s payout ratio is 11.79%.
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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