Curtiss-Wright Corporation (CW) Shares Sold by Rhumbline Advisers
Rhumbline Advisers decreased its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 89,288 shares of the aerospace company’s stock after selling 2,593 shares during the period. Rhumbline Advisers owned approximately 0.20% of Curtiss-Wright Corporation worth $8,195,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in shares of Curtiss-Wright Corporation during the fourth quarter valued at $207,000. Teachers Advisors LLC raised its stake in shares of Curtiss-Wright Corporation by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 74,043 shares of the aerospace company’s stock worth $7,283,000 after buying an additional 2,158 shares during the period. Bank of Montreal Can raised its stake in shares of Curtiss-Wright Corporation by 0.9% in the first quarter. Bank of Montreal Can now owns 69,820 shares of the aerospace company’s stock worth $6,371,000 after buying an additional 632 shares during the period. Capstone Asset Management Co. raised its stake in shares of Curtiss-Wright Corporation by 14.6% in the first quarter. Capstone Asset Management Co. now owns 4,232 shares of the aerospace company’s stock worth $386,000 after buying an additional 540 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Curtiss-Wright Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the aerospace company’s stock worth $1,022,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 77.44% of the company’s stock.
Shares of Curtiss-Wright Corporation (NYSE CW) opened at 95.89 on Friday. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $107.61. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 21.75 and a beta of 1.25. The stock’s 50 day moving average price is $95.37 and its 200-day moving average price is $93.12.
Curtiss-Wright Corporation (NYSE:CW) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. The business had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $546.73 million. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Equities analysts anticipate that Curtiss-Wright Corporation will post $4.55 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on CW shares. SunTrust Banks, Inc. raised shares of 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 report on Monday, June 5th. Zacks Investment Research raised shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Tuesday, May 23rd. Finally, BidaskClub raised shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $106.75.
In related news, Director S Marce Fuller sold 1,300 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total value of $125,008.00. Following the completion of the transaction, the director now directly owns 14,960 shares of the company’s stock, valued at approximately $1,438,553.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
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.
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