New York State Common Retirement Fund cut its position in Curtiss-Wright Corporation (NYSE:CW) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,346 shares of the company’s stock after selling 61 shares during the period. New York State Common Retirement Fund’s holdings in Curtiss-Wright Corporation were worth $7,320,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama increased its position in Curtiss-Wright Corporation by 160.0% in the second quarter. Retirement Systems of Alabama now owns 149,280 shares of the company’s stock valued at $12,577,000 after buying an additional 91,863 shares during the last quarter. JPMorgan Chase & Co. increased its position in Curtiss-Wright Corporation by 20.1% in the third quarter. JPMorgan Chase & Co. now owns 824,188 shares of the company’s stock valued at $75,092,000 after buying an additional 138,217 shares during the last quarter. Monarch Partners Asset Management LLC increased its position in Curtiss-Wright Corporation by 0.6% in the second quarter. Monarch Partners Asset Management LLC now owns 162,800 shares of the company’s stock valued at $13,716,000 after buying an additional 985 shares during the last quarter. Adams Diversified Equity Fund Inc. acquired a new position in Curtiss-Wright Corporation during the second quarter valued at approximately $531,000. Finally, UBS Asset Management Americas Inc. increased its position in Curtiss-Wright Corporation by 3.1% in the third quarter. UBS Asset Management Americas Inc. now owns 32,496 shares of the company’s stock valued at $2,962,000 after buying an additional 983 shares during the last quarter. 76.22% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Curtiss-Wright Corporation (NYSE:CW)

Shares of Curtiss-Wright Corporation (NYSE:CW) opened at 97.40 on Friday. The firm has a market capitalization of $4.31 billion, a P/E ratio of 23.46 and a beta of 1.30. The stock has a 50 day moving average price of $101.05 and a 200 day moving average price of $91.71. Curtiss-Wright Corporation has a 12 month low of $62.57 and a 12 month high of $107.61.

Curtiss-Wright Corporation (NYSE:CW) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. The company had revenue of $507.09 million for the quarter, compared to analysts’ expectations of $518.66 million. Curtiss-Wright Corporation had a net margin of 8.84% and a return on equity of 14.85%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. On average, analysts expect that Curtiss-Wright Corporation will post $4.11 earnings per share for the current year.

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Several research firms have commented on CW. Bank of America Corporation increased their target price on shares of Curtiss-Wright Corporation from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, December 29th. Zacks Investment Research raised shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Deutsche Bank AG increased their target price on shares of Curtiss-Wright Corporation from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Finally, CL King downgraded shares of Curtiss-Wright Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, November 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $98.50.

In related news, VP Glenn E. Tynan sold 48,591 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $103.98, for a total value of $5,052,492.18. Following the sale, the vice president now directly owns 86,167 shares of the company’s stock, valued at approximately $8,959,644.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Charles Adams sold 27,475 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $89.40, for a total transaction of $2,456,265.00. Following the completion of the sale, the chief executive officer now directly owns 60,031 shares in the company, valued at $5,366,771.40. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

About Curtiss-Wright Corporation

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.

5 Day Chart for NYSE:CW

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