Campbell Newman Asset Management Inc. raised its stake in shares of Curtiss-Wright Corp. (NYSE:CW) by 13.6% during the first quarter, Holdings Channel reports. The firm owned 2,758 shares of the company’s stock after buying an additional 331 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Curtiss-Wright Corp. were worth $252,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its stake in shares of Curtiss-Wright Corp. by 6.0% in the third quarter. BlackRock Fund Advisors now owns 2,546,744 shares of the company’s stock worth $232,034,000 after buying an additional 144,769 shares in the last quarter. State Street Corp boosted its stake in shares of Curtiss-Wright Corp. by 5.3% in the fourth quarter. State Street Corp now owns 1,621,442 shares of the company’s stock worth $159,492,000 after buying an additional 81,630 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Curtiss-Wright Corp. by 66.7% in the fourth quarter. AQR Capital Management LLC now owns 739,527 shares of the company’s stock worth $72,740,000 after buying an additional 295,802 shares in the last quarter. Norges Bank bought a new stake in shares of Curtiss-Wright Corp. during the fourth quarter worth about $53,651,000. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Curtiss-Wright Corp. by 2,890.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 444,945 shares of the company’s stock worth $43,765,000 after buying an additional 430,068 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.
Curtiss-Wright Corp. (NYSE:CW) traded down 0.75% on Thursday, hitting $88.16. The company had a trading volume of 79,492 shares. The stock has a market capitalization of $3.93 billion, a PE ratio of 21.22 and a beta of 1.30. The stock has a 50 day moving average of $93.87 and a 200-day moving average of $95.25. Curtiss-Wright Corp. has a one year low of $75.80 and a one year high of $107.61.
Curtiss-Wright Corp. (NYSE:CW) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.10. Curtiss-Wright Corp. had a return on equity of 14.85% and a net margin of 8.84%. The firm earned $566 million during the quarter, compared to analysts’ expectations of $592.79 million. During the same quarter last year, the firm posted $1.53 earnings per share. Equities analysts anticipate that Curtiss-Wright Corp. will post $4.37 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Thursday, March 30th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, March 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.59%. Curtiss-Wright Corp.’s dividend payout ratio is presently 12.56%.
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A number of equities research analysts have recently issued reports on CW shares. Bank of America Corp upped their price objective on Curtiss-Wright Corp. from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, December 29th. Zacks Investment Research upgraded Curtiss-Wright Corp. from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Wednesday, January 18th. SunTrust Banks, Inc. started coverage on Curtiss-Wright Corp. in a research note on Thursday, January 19th. They set a “hold” rating and a $105.00 price objective on the stock. Finally, William Blair started coverage on Curtiss-Wright Corp. in a research note on Friday, February 17th. They set a “market perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Curtiss-Wright Corp. currently has a consensus rating of “Hold” and an average price target of $102.60.
In other news, CEO David Charles Adams sold 15,270 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $98.09, for a total value of $1,497,834.30. Following the transaction, the chief executive officer now owns 85,274 shares in the company, valued at $8,364,526.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Glenn E. Tynan sold 7,729 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $98.05, for a total value of $757,828.45. Following the completion of the transaction, the vice president now owns 67,925 shares in the company, valued at approximately $6,660,046.25. The disclosure for this sale can be found here. Insiders sold 46,678 shares of company stock worth $4,566,358 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.
Curtiss-Wright Corp. 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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