Swiss National Bank lifted its stake in Curtiss-Wright Co. (NYSE:CW – Get Rating) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,700 shares of the aerospace company’s stock after purchasing an additional 1,500 shares during the period. Swiss National Bank owned 0.24% of Curtiss-Wright worth $15,480,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. raised its stake in Curtiss-Wright by 18.8% during the 1st quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock worth $645,770,000 after buying an additional 680,850 shares during the period. Select Equity Group L.P. acquired a new stake in Curtiss-Wright during the 1st quarter worth $33,468,000. Wellington Management Group LLP raised its stake in shares of Curtiss-Wright by 31.7% in the 1st quarter. Wellington Management Group LLP now owns 756,894 shares of the aerospace company’s stock valued at $113,655,000 after purchasing an additional 182,125 shares during the period. Alliancebernstein L.P. raised its stake in shares of Curtiss-Wright by 13.0% in the 3rd quarter. Alliancebernstein L.P. now owns 1,342,510 shares of the aerospace company’s stock valued at $186,824,000 after purchasing an additional 154,851 shares during the period. Finally, State Street Corp raised its stake in shares of Curtiss-Wright by 10.4% in the 1st quarter. State Street Corp now owns 1,500,162 shares of the aerospace company’s stock valued at $225,531,000 after purchasing an additional 141,697 shares during the period. 84.95% of the stock is currently owned by institutional investors.
In other news, CEO Lynn M. Bamford sold 2,223 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $169.42, for a total value of $376,620.66. Following the completion of the sale, the chief executive officer now directly owns 17,356 shares in the company, valued at $2,940,453.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO Kevin Rayment sold 1,751 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $169.38, for a total value of $296,584.38. Following the completion of the sale, the chief operating officer now directly owns 15,154 shares in the company, valued at $2,566,784.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 2,223 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $169.42, for a total transaction of $376,620.66. Following the completion of the sale, the chief executive officer now owns 17,356 shares of the company’s stock, valued at $2,940,453.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,586 shares of company stock worth $1,459,205. Corporate insiders own 0.67% of the company’s stock.
Analyst Ratings Changes
Curtiss-Wright Trading Down 0.2 %
Shares of NYSE:CW opened at $163.34 on Friday. Curtiss-Wright Co. has a 12-month low of $124.37 and a 12-month high of $182.55. The stock has a market cap of $6.26 billion, a PE ratio of 20.32 and a beta of 1.24. The business has a 50 day moving average of $171.27 and a 200-day moving average of $170.36. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.60.
Curtiss-Wright (NYSE:CW – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. Curtiss-Wright had a return on equity of 16.54% and a net margin of 11.81%. The company had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $585.49 million. During the same quarter in the previous year, the company posted $1.31 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 8.77 earnings per share for the current year.
Curtiss-Wright Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 16th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, June 15th. Curtiss-Wright’s payout ratio is presently 9.45%.
Curtiss-Wright Corp. is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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