Dimensional Fund Advisors LP Sells 388,147 Shares of Curtiss-Wright Corporation (NYSE:CW)
Dimensional Fund Advisors LP decreased its position in Curtiss-Wright Corporation (NYSE:CW) by 20.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,465,048 shares of the aerospace company’s stock after selling 388,147 shares during the period. Dimensional Fund Advisors LP owned about 3.29% of Curtiss-Wright Corporation worth $133,700,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. NorthCoast Asset Management LLC increased its position in shares of Curtiss-Wright Corporation by 60.3% in the first quarter. NorthCoast Asset Management LLC now owns 21,974 shares of the aerospace company’s stock worth $2,005,000 after buying an additional 8,267 shares during the period. Liberty Mutual Group Asset Management Inc. increased its stake in Curtiss-Wright Corporation by 4.3% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 20,147 shares of the aerospace company’s stock valued at $1,838,000 after buying an additional 828 shares during the period. Geode Capital Management LLC increased its stake in Curtiss-Wright Corporation by 4.4% in the first quarter. Geode Capital Management LLC now owns 412,019 shares of the aerospace company’s stock valued at $37,600,000 after buying an additional 17,493 shares during the period. Marshall Wace LLP acquired a new stake in Curtiss-Wright Corporation during the first quarter valued at approximately $637,000. Finally, Vanguard Group Inc. increased its stake in Curtiss-Wright Corporation by 10.2% in the first quarter. Vanguard Group Inc. now owns 3,583,354 shares of the aerospace company’s stock valued at $327,018,000 after buying an additional 331,982 shares during the period. 76.75% of the stock is currently owned by institutional investors.
Curtiss-Wright Corporation (NYSE CW) traded up 0.41% on Friday, hitting $93.50. 109,156 shares of the company traded hands. The firm’s 50 day moving average price is $89.67 and its 200 day moving average price is $94.15. Curtiss-Wright Corporation has a 1-year low of $81.52 and a 1-year high of $107.61. The firm has a market capitalization of $4.14 billion, a PE ratio of 22.49 and a beta of 1.24.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Thursday, June 22nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Tuesday, June 20th. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is currently 12.50%.
Several research firms have commented on CW. Zacks Investment Research raised shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Tuesday, May 23rd. SunTrust Banks, Inc. raised shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $103.00 to $112.00 in a report on Monday, June 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Curtiss-Wright Corporation presently has an average rating of “Buy” and an average price target of $101.60.
In other news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $90.65, for a total transaction of $117,845.00. Following the sale, the director now owns 16,260 shares in the company, valued at $1,473,969. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.
About Curtiss-Wright Corporation
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.
Receive News & Stock Ratings for Curtiss-Wright Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corporation and related stocks with our FREE daily email newsletter.