Public Employees Retirement Association of Colorado reduced its stake in Curtiss-Wright Corp. (NYSE:CW) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 168,518 shares of the company’s stock after selling 90 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Curtiss-Wright Corp. were worth $14,198,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. raised its position in shares of Curtiss-Wright Corp. by 141.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 635,740 shares of the company’s stock worth $48,106,000 after buying an additional 372,806 shares during the period. Nuveen Asset Management LLC raised its position in shares of Curtiss-Wright Corp. by 408.1% in the first quarter. Nuveen Asset Management LLC now owns 17,179 shares of the company’s stock worth $1,300,000 after buying an additional 13,798 shares during the period. Renaissance Technologies LLC raised its position in shares of Curtiss-Wright Corp. by 431.4% in the first quarter. Renaissance Technologies LLC now owns 223,700 shares of the company’s stock worth $16,927,000 after buying an additional 181,600 shares during the period. Kennedy Capital Management Inc. raised its position in shares of Curtiss-Wright Corp. by 269.8% in the first quarter. Kennedy Capital Management Inc. now owns 181,067 shares of the company’s stock worth $13,701,000 after buying an additional 132,105 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Curtiss-Wright Corp. by 48.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,139,569 shares of the company’s stock worth $86,231,000 after buying an additional 369,843 shares during the period. Institutional investors and hedge funds own 77.11% of the company’s stock.
Curtiss-Wright Corp. (NYSE:CW) traded up 1.21% on Wednesday, reaching $87.54. The company had a trading volume of 57,213 shares. The company has a market capitalization of $3.89 billion, a PE ratio of 22.79 and a beta of 1.27. Curtiss-Wright Corp. has a 52-week low of $62.57 and a 52-week high of $92.08. The company’s 50-day moving average is $89.12 and its 200-day moving average is $84.27.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.07. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The firm had revenue of $532.80 million for the quarter, compared to the consensus estimate of $523.84 million. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts anticipate that Curtiss-Wright Corp. will post $4.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.52 dividend on an annualized basis and a yield of 0.60%. Curtiss-Wright Corp.’s payout ratio is 13.58%.
A number of brokerages have recently issued reports on CW. Zacks Investment Research lowered Curtiss-Wright Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st. William Blair initiated coverage on Curtiss-Wright Corp. in a research note on Wednesday, August 3rd. They issued a “market perform” rating and a $92.00 price objective for the company.
In other Curtiss-Wright Corp. news, Director John B. Nathman sold 6,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $90.77, for a total transaction of $544,620.00. Following the completion of the sale, the director now directly owns 5,455 shares in the company, valued at $495,150.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Tom P. Quinly sold 8,500 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $89.78, for a total value of $763,130.00. Following the sale, the vice president now owns 27,258 shares of the company’s stock, valued at $2,447,223.24. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
About Curtiss-Wright Corp.
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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