Vanguard Group Inc. Buys 125,895 Shares of Curtiss-Wright Corp. (CW)
Vanguard Group Inc. raised its position in shares of Curtiss-Wright Corp. (NYSE:CW) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,013,252 shares of the company’s stock after buying an additional 125,895 shares during the period. Vanguard Group Inc. owned 6.78% of Curtiss-Wright Corp. worth $253,866,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Acrospire Investment Management LLC purchased a new stake in Curtiss-Wright Corp. during the second quarter valued at approximately $110,000. Bank of Montreal Can purchased a new stake in Curtiss-Wright Corp. during the second quarter valued at approximately $169,000. LS Investment Advisors LLC boosted its stake in Curtiss-Wright Corp. by 72.4% in the second quarter. LS Investment Advisors LLC now owns 2,747 shares of the company’s stock valued at $231,000 after buying an additional 1,154 shares during the period. Princeton Alpha Management LP purchased a new stake in Curtiss-Wright Corp. during the second quarter valued at approximately $266,000. Finally, Capstone Asset Management Co. boosted its stake in Curtiss-Wright Corp. by 8.6% in the second quarter. Capstone Asset Management Co. now owns 3,532 shares of the company’s stock valued at $298,000 after buying an additional 280 shares during the period. 77.11% of the stock is owned by hedge funds and other institutional investors.
Curtiss-Wright Corp. (NYSE:CW) opened at 86.21 on Thursday. The firm’s 50-day moving average price is $89.05 and its 200 day moving average price is $84.29. Curtiss-Wright Corp. has a 12-month low of $62.57 and a 12-month high of $92.08. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 22.44 and a beta of 1.27.
Curtiss-Wright Corp. (NYSE:CW) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. The company earned $532.80 million during the quarter, compared to the consensus estimate of $523.84 million. Curtiss-Wright Corp. had a net margin of 8.21% and a return on equity of 14.15%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. On average, analysts expect that Curtiss-Wright Corp. will post $4.10 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be issued a $0.13 dividend. The ex-dividend date of this dividend 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%.
Several research firms have recently issued reports on CW. Zacks Investment Research lowered Curtiss-Wright Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. William Blair assumed coverage on Curtiss-Wright Corp. in a report on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 target price on the stock.
In other Curtiss-Wright Corp. news, VP Tom P. Quinly sold 8,500 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $89.78, for a total transaction of $763,130.00. Following the completion of the sale, the vice president now directly owns 27,258 shares in the company, valued at approximately $2,447,223.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John B. Nathman sold 6,000 shares of the stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $90.77, for a total value of $544,620.00. Following the sale, the director now owns 5,455 shares of the company’s stock, valued at $495,150.35. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
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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