Greenleaf Trust Has $302,000 Position in Curtiss-Wright Corporation $CW

Greenleaf Trust reduced its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 15.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 619 shares of the aerospace company’s stock after selling 117 shares during the quarter. Greenleaf Trust’s holdings in Curtiss-Wright were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of Curtiss-Wright by 23.3% during the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock valued at $175,417,000 after acquiring an additional 104,393 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Curtiss-Wright by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company’s stock valued at $110,769,000 after acquiring an additional 5,007 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Curtiss-Wright by 25.6% during the 1st quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock valued at $81,761,000 after acquiring an additional 54,289 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Curtiss-Wright by 6.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company’s stock valued at $79,912,000 after acquiring an additional 14,684 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Curtiss-Wright during the 1st quarter valued at $70,357,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CW. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Saturday, September 27th. Citigroup boosted their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a report on Monday, July 14th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $468.14.

Curtiss-Wright Trading Up 0.3%

Shares of NYSE:CW opened at $538.42 on Friday. The stock has a market capitalization of $20.29 billion, a PE ratio of 45.44, a P/E/G ratio of 3.29 and a beta of 1.14. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $550.88. The firm has a fifty day moving average price of $499.23 and a 200 day moving average price of $437.95. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million during the quarter, compared to analysts’ expectations of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. Curtiss-Wright’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.67 earnings per share. Analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s payout ratio is currently 8.10%.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president owned 3,863 shares of the company’s stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by corporate insiders.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.