Curtiss-Wright Corporation (CW) Shares Sold by Systematic Financial Management LP
Systematic Financial Management LP decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,979 shares of the aerospace company’s stock after selling 1,024 shares during the quarter. Systematic Financial Management LP owned about 0.15% of Curtiss-Wright Corporation worth $6,147,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in CW. BlackRock Inc. raised its position in Curtiss-Wright Corporation by 25,824.5% in the first quarter. BlackRock Inc. now owns 5,099,604 shares of the aerospace company’s stock worth $465,389,000 after acquiring an additional 5,079,933 shares in the last quarter. Vanguard Group Inc. raised its position 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 worth $327,018,000 after acquiring an additional 331,982 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Curtiss-Wright Corporation in the second quarter worth $27,768,000. AQR Capital Management LLC raised its position in Curtiss-Wright Corporation by 38.5% in the first quarter. AQR Capital Management LLC now owns 1,024,532 shares of the aerospace company’s stock worth $93,499,000 after acquiring an additional 285,005 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Curtiss-Wright Corporation by 251.5% in the second quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock worth $30,068,000 after acquiring an additional 234,409 shares in the last quarter. Hedge funds and other institutional investors own 76.62% of the company’s stock.
In related news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction 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 transaction, the director now directly owns 14,960 shares in the company, valued at approximately $1,438,553.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
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Shares of Curtiss-Wright Corporation (CW) opened at 97.98 on Tuesday. Curtiss-Wright Corporation has a 12-month low of $82.77 and a 12-month high of $107.61. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 22.23 and a beta of 1.26. The firm has a 50-day moving average price of $96.19 and a 200 day moving average price of $92.86.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.16. The company had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post $4.55 earnings per share for the current fiscal year.
CW has been the topic of several research reports. Zacks Investment Research raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Tuesday, May 23rd. SunTrust Banks, Inc. raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and upped their target price for the company from $103.00 to $112.00 in a report on Monday, June 5th. Finally, BidaskClub raised Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Curtiss-Wright Corporation currently has a consensus rating of “Hold” and a consensus target price of $107.25.
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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