Peapack Gladstone Financial Corp Sells 925 Shares of Curtiss-Wright Corporation $CW

Peapack Gladstone Financial Corp lowered its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 71.0% in the fourth quarter, HoldingsChannel reports. The firm owned 377 shares of the aerospace company’s stock after selling 925 shares during the period. Peapack Gladstone Financial Corp’s holdings in Curtiss-Wright were worth $208,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rothschild Wealth LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $209,000. Essex Financial Services Inc. bought a new position in Curtiss-Wright during the fourth quarter worth about $205,000. BNP Paribas Financial Markets grew its holdings in Curtiss-Wright by 24.9% during the fourth quarter. BNP Paribas Financial Markets now owns 31,472 shares of the aerospace company’s stock worth $17,350,000 after purchasing an additional 6,275 shares during the period. Norges Bank bought a new position in Curtiss-Wright during the fourth quarter worth about $290,633,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in Curtiss-Wright during the fourth quarter worth about $275,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 1.3%

Shares of NYSE:CW opened at $743.16 on Friday. Curtiss-Wright Corporation has a 12-month low of $443.00 and a 12-month high of $760.72. The stock has a market cap of $27.45 billion, a PE ratio of 54.44, a P/E/G ratio of 3.40 and a beta of 0.85. The business has a 50 day moving average of $719.30 and a 200-day moving average of $656.97. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. The company had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.82 earnings per share. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is 7.62%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CW shares. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Citigroup boosted their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $746.67.

Insiders Place Their Bets

In related news, VP Gary A. Ogilby sold 252 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $689.14, for a total value of $173,663.28. Following the completion of the sale, the vice president directly owned 2,571 shares in the company, valued at approximately $1,771,778.94. The trade was a 8.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO K Christopher Farkas sold 918 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total value of $621,908.28. Following the completion of the sale, the chief financial officer owned 5,518 shares of the company’s stock, valued at approximately $3,738,224.28. This trade represents a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,181 shares of company stock valued at $4,204,919 in the last quarter. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.