Wells Fargo & Company MN Has $30.35 Million Stake in Curtiss-Wright Corporation (CW)

Wells Fargo & Company MN grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 22.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,269 shares of the aerospace company’s stock after buying an additional 53,908 shares during the quarter. Wells Fargo & Company MN owned 0.66% of Curtiss-Wright worth $30,345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CW. Neuberger Berman Group LLC boosted its holdings in Curtiss-Wright 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 purchasing an additional 18 shares during the last quarter. World Asset Management Inc boosted its holdings in Curtiss-Wright 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 purchasing an additional 33 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Curtiss-Wright 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 purchasing an additional 46 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Curtiss-Wright by 0.5% during the second quarter. Great West Life Assurance Co. Can now owns 26,530 shares of the aerospace company’s stock worth $2,433,000 after purchasing an additional 126 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its holdings in Curtiss-Wright by 4.8% during the second quarter. Campbell Newman Asset Management Inc. now owns 2,890 shares of the aerospace company’s stock worth $265,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

In other news, Director John B. Nathman sold 1,300 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $117.28, for a total value of $152,464.00. Following the completion of the sale, the director now owns 4,155 shares of the company’s stock, valued at approximately $487,298.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul J. Ferdenzi sold 2,340 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $108.00, for a total transaction of $252,720.00. The disclosure for this sale can be found here. Insiders sold a total of 60,488 shares of company stock valued at $7,041,956 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Shares of Curtiss-Wright Corporation (NYSE:CW) opened at $120.24 on Friday. Curtiss-Wright Corporation has a 12 month low of $82.77 and a 12 month high of $125.00. The stock has a market cap of $5,354.66, a price-to-earnings ratio of 25.39, a PEG ratio of 2.07 and a beta of 1.26. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.21. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The company had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. analysts forecast that Curtiss-Wright Corporation will post 4.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.50%. Curtiss-Wright’s dividend payout ratio (DPR) is 12.45%.

CW has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Zacks Investment Research cut shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Robert W. Baird initiated coverage on shares of Curtiss-Wright in a report on Tuesday, December 5th. They set an “outperform” rating and a $149.00 price target on the stock. Bank of America raised shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Monday, October 30th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Curtiss-Wright in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Curtiss-Wright currently has an average rating of “Buy” and an average price target of $129.86.

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About Curtiss-Wright

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.

Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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