Curtiss-Wright Corporation (CW) Sets New 52-Week High at $112.64
Curtiss-Wright Corporation (NYSE:CW) shares reached a new 52-week high on Friday . The stock traded as high as $112.64 and last traded at $0.00, with a volume of shares trading hands.
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Stifel Nicolaus assumed coverage on shares of Curtiss-Wright Corporation in a research note on Monday, September 18th. They issued a “hold” rating and a $100.00 price objective on the stock. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $125.00 price objective on shares of Curtiss-Wright Corporation in a research note on Friday, October 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $111.60.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The company had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. During the same period last year, the company earned $0.88 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.54%. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is 13.61%.
In other news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the sale, the director now directly owns 14,960 shares in the company, valued at $1,438,553.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total transaction of $733,385.26. Following the completion of the sale, the vice president now owns 19,467 shares in the company, valued at $2,067,006.06. The disclosure for this sale can be found here. Insiders sold 10,547 shares of company stock worth $1,111,113 over the last quarter. 1.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. raised its holdings in shares of Curtiss-Wright Corporation by 251.5% in the second quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock valued at $30,068,000 after purchasing an additional 234,409 shares during the last quarter. Paloma Partners Management Co raised its holdings in shares of Curtiss-Wright Corporation by 12.8% in the first quarter. Paloma Partners Management Co now owns 36,450 shares of the aerospace company’s stock valued at $3,327,000 after purchasing an additional 4,123 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Curtiss-Wright Corporation by 14.9% in the second quarter. Royce & Associates LP now owns 38,599 shares of the aerospace company’s stock valued at $3,543,000 after purchasing an additional 5,000 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Curtiss-Wright Corporation in the second quarter valued at approximately $13,442,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Curtiss-Wright Corporation in the first quarter valued at approximately $233,000. Institutional investors own 76.18% of the company’s stock.
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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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