Curtiss-Wright Corp. (CW) Position Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in shares of Curtiss-Wright Corp. (NYSE:CW) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 412,443 shares of the aerospace company’s stock after buying an additional 35,257 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Curtiss-Wright were worth $50,257,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CW. Boston Partners boosted its holdings in Curtiss-Wright by 44.8% during the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock worth $142,337,000 after buying an additional 421,332 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Curtiss-Wright by 51.0% during the third quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock worth $51,721,000 after buying an additional 167,135 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Curtiss-Wright during the third quarter worth $16,027,000. American Century Companies Inc. lifted its holdings in Curtiss-Wright by 84.5% during the third quarter. American Century Companies Inc. now owns 274,211 shares of the aerospace company’s stock valued at $28,666,000 after purchasing an additional 125,622 shares in the last quarter. Finally, State Street Corp lifted its holdings in Curtiss-Wright by 5.8% during the second quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock valued at $163,017,000 after purchasing an additional 97,137 shares in the last quarter. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

CW has been the topic of several recent analyst reports. 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 report on Monday, October 30th. Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright in a report on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating and set a $128.00 price objective on shares of Curtiss-Wright in a report on Friday, October 20th. Zacks Investment Research raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Tuesday, October 17th. Finally, Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $117.00 to $124.00 and gave the company a “hold” rating in a report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $132.00.

Curtiss-Wright Corp. (CW) opened at $121.14 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. The stock has a market cap of $5,355.10, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. Curtiss-Wright Corp. has a twelve month low of $82.77 and a twelve month high of $134.44.

In other news, VP Glenn E. Tynan sold 4,353 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $117.74, for a total value of $512,522.22. Following the completion of the sale, the vice president now directly owns 62,278 shares in the company, valued at $7,332,611.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Charles Adams sold 5,270 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $117.74, for a total transaction of $620,489.80. Following the completion of the sale, the chief executive officer now owns 64,623 shares of the company’s stock, valued at $7,608,712.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,623 shares of company stock worth $2,710,865. Insiders own 1.10% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://sportsperspectives.com/2018/02/07/curtiss-wright-corp-cw-position-increased-by-schwab-charles-investment-management-inc.html.

Curtiss-Wright 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.

Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corp. (NYSE:CW).

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

Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply