Curtiss-Wright Corporation (CW) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its holdings in Curtiss-Wright Corporation (NYSE:CW) by 25.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,446 shares of the aerospace company’s stock after selling 851 shares during the period. Neuberger Berman Group LLC’s holdings in Curtiss-Wright were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CW. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Curtiss-Wright by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 143 shares during the period. Burney Co. acquired a new position in Curtiss-Wright in the second quarter valued at about $203,000. Magnetar Financial LLC acquired a new position in shares of Curtiss-Wright during the third quarter worth about $203,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Curtiss-Wright during the third quarter worth about $212,000. Finally, Linscomb & Williams Inc. acquired a new position in shares of Curtiss-Wright during the third quarter worth about $212,000. 76.17% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Paul J. Ferdenzi sold 2,651 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $111.00, for a total transaction of $294,261.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Albert E. Smith sold 1,700 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.35, for a total value of $207,995.00. The disclosure for this sale can be found here. Insiders have sold 52,941 shares of company stock worth $6,263,846 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $117.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, October 17th. Zacks Investment Research cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. SunTrust Banks reaffirmed a “buy” rating and set a $128.00 price objective on shares of Curtiss-Wright in a research report on Friday, October 20th. Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright in a research report on Friday, October 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $125.00 price objective on shares of Curtiss-Wright in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Curtiss-Wright has a consensus rating of “Buy” and a consensus target price of $129.86.

Shares of Curtiss-Wright Corporation (NYSE:CW) opened at $123.01 on Friday. Curtiss-Wright Corporation has a twelve month low of $82.77 and a twelve month high of $125.00. The stock has a market capitalization of $5,414.23, a PE ratio of 25.52, a P/E/G ratio of 1.91 and a beta of 1.26. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.21. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The business had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. Curtiss-Wright’s revenue was up 12.0% on a year-over-year basis. analysts expect that Curtiss-Wright Corporation will post 4.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 29th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.60 annualized dividend and a yield of 0.49%. Curtiss-Wright’s payout ratio is presently 12.45%.

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About Curtiss-Wright

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. 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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