Skandinaviska Enskilda Banken AB publ reduced its position in shares of Curtiss-Wright Corp. (NYSE:CW) by 32.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,000 shares of the aerospace company’s stock after selling 14,700 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.07% of Curtiss-Wright worth $2,865,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Wealth Quarterback LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at $23,156,110,000. Primecap Management Co. CA grew its holdings in shares of Curtiss-Wright by 25.7% in the 1st quarter. Primecap Management Co. CA now owns 1,667,320 shares of the aerospace company’s stock valued at $154,077,000 after acquiring an additional 340,720 shares in the last quarter. Norges Bank acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $84,189,000. Thrivent Financial for Lutherans raised its holdings in Curtiss-Wright by 8.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 580,900 shares of the aerospace company’s stock worth $81,843,000 after acquiring an additional 44,704 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Curtiss-Wright by 69.2% during the first quarter. Invesco Ltd. now owns 532,442 shares of the aerospace company’s stock valued at $49,203,000 after purchasing an additional 217,737 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

CW stock opened at $84.37 on Tuesday. Curtiss-Wright Corp. has a one year low of $70.56 and a one year high of $149.90. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 11.93 and a beta of 1.27. The company has a fifty day moving average price of $95.33 and a two-hundred day moving average price of $115.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.04 and a quick ratio of 1.33.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.29 by $0.05. Curtiss-Wright had a net margin of 12.10% and a return on equity of 18.48%. The business had revenue of $601.20 million during the quarter, compared to the consensus estimate of $581.09 million. During the same quarter in the previous year, the firm posted $1.30 EPS. Curtiss-Wright’s revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that Curtiss-Wright Corp. will post 6.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Friday, June 19th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, June 18th. Curtiss-Wright’s payout ratio is 9.35%.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Curtiss-Wright from a “sell” rating to a “hold” rating and set a $97.00 price objective on the stock in a research note on Tuesday, April 7th. UBS Group dropped their price target on shares of Curtiss-Wright from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. SunTrust Banks cut their price target on shares of Curtiss-Wright from $150.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Stifel Nicolaus lowered their price objective on shares of Curtiss-Wright from $145.00 to $139.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, TheStreet downgraded shares of Curtiss-Wright from a “b-” rating to a “c+” rating in a research note on Wednesday, March 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $120.25.

Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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