Highbridge Capital Management LLC purchased a new position in Curtiss-Wright Corporation (NYSE:CW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 146,658 shares of the aerospace company’s stock, valued at approximately $13,384,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in shares of Curtiss-Wright Corporation during the fourth quarter valued at about $3,811,000. Comerica Bank boosted its stake in shares of Curtiss-Wright Corporation by 4.4% in the fourth quarter. Comerica Bank now owns 42,286 shares of the aerospace company’s stock valued at $4,119,000 after buying an additional 1,771 shares during the last quarter. State Street Corp boosted its stake in shares of Curtiss-Wright Corporation by 5.3% in the fourth quarter. State Street Corp now owns 1,621,442 shares of the aerospace company’s stock valued at $159,492,000 after buying an additional 81,630 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Curtiss-Wright Corporation by 8.3% in the fourth quarter. Martingale Asset Management L P now owns 55,104 shares of the aerospace company’s stock valued at $5,421,000 after buying an additional 4,200 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Curtiss-Wright Corporation by 1.4% in the fourth quarter. Royce & Associates LP now owns 20,099 shares of the aerospace company’s stock valued at $1,977,000 after buying an additional 273 shares during the last quarter. Institutional investors own 76.76% of the company’s stock.
Shares of Curtiss-Wright Corporation (NYSE CW) traded up 0.88% during mid-day trading on Friday, hitting $92.97. The stock had a trading volume of 526,773 shares. Curtiss-Wright Corporation has a 12-month low of $78.34 and a 12-month high of $107.61. The stock has a market cap of $4.11 billion, a P/E ratio of 22.36 and a beta of 1.23. The company’s 50 day moving average price is $89.68 and its 200 day moving average price is $95.04.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 22nd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.56%. Curtiss-Wright Corporation’s dividend payout ratio is currently 12.50%.
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Several analysts have recently issued reports on the company. William Blair assumed coverage on Curtiss-Wright Corporation in a research note on Friday, February 17th. They issued a “market perform” rating on the stock. SunTrust Banks, Inc. upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and increased their price objective for the company from $103.00 to $112.00 in a research note on Monday, June 5th. Finally, Zacks Investment Research upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, May 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Curtiss-Wright Corporation currently has an average rating of “Buy” and an average price target of $101.60.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $90.65, for a total value of $117,845.00. Following the transaction, the director now owns 16,260 shares in the company, valued at approximately $1,473,969. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.
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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