Curtiss-Wright Corporation (CW) Holdings Cut by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky lowered its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 7.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,200 shares of the aerospace company’s stock after selling 700 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Curtiss-Wright Corporation were worth $844,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Curtiss-Wright Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 143 shares during the period. Burney Co. bought a new stake in Curtiss-Wright Corporation during the second quarter worth approximately $203,000. Tudor Investment Corp ET AL bought a new stake in Curtiss-Wright Corporation during the first quarter worth approximately $233,000. World Asset Management Inc boosted its position in Curtiss-Wright Corporation by 1.2% during the second quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock worth $252,000 after purchasing an additional 33 shares during the period. Finally, Campbell Newman Asset Management Inc. boosted its position in Curtiss-Wright Corporation by 4.8% during the second quarter. Campbell Newman Asset Management Inc. now owns 2,890 shares of the aerospace company’s stock worth $265,000 after purchasing an additional 132 shares during the period. 76.18% of the stock is owned by hedge funds and other institutional investors.
Curtiss-Wright Corporation (NYSE:CW) opened at 112.05 on Friday. The stock’s 50 day moving average price is $102.03 and its 200-day moving average price is $94.46. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 25.42 and a beta of 1.25. Curtiss-Wright Corporation has a one year low of $82.77 and a one year high of $112.32.
Curtiss-Wright Corporation (NYSE:CW) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The company had revenue of $567.70 million during the quarter, compared to the consensus estimate of $546.73 million. During the same period in the previous year, the company posted $0.88 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that Curtiss-Wright Corporation will post $4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a $0.15 dividend. The ex-dividend date is Thursday, October 5th. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 0.54%. Curtiss-Wright Corporation’s payout ratio is 13.61%.
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CW has been the subject of a number of research analyst reports. Zacks Investment Research lowered Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub upgraded Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus initiated coverage on Curtiss-Wright Corporation in a report on Monday, September 18th. They set a “hold” rating and a $100.00 price target for the company. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $125.00 price target on shares of Curtiss-Wright Corporation in a report on Friday, October 6th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Curtiss-Wright Corporation has an average rating of “Hold” and a consensus target price of $111.60.
In related news, Director S Marce Fuller sold 1,300 shares of the business’s 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 completion of the sale, the director now directly owns 14,960 shares in the company, valued at approximately $1,438,553.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total value of $733,385.26. Following the completion of the sale, the vice president now owns 19,467 shares of the company’s stock, valued at $2,067,006.06. The disclosure for this sale can be found here. Insiders sold a total of 10,547 shares of company stock valued at $1,111,113 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
Curtiss-Wright Corporation 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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