Curtiss-Wright Corporation (CW) Shares Sold by Welch & Forbes LLC
Welch & Forbes LLC reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the aerospace company’s stock after selling 4 shares during the period. Welch & Forbes LLC’s holdings in Curtiss-Wright Corporation were worth $275,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. World Asset Management Inc raised its position in shares of Curtiss-Wright Corporation by 1.2% in the second quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after buying an additional 33 shares during the last quarter. Oakbrook Investments LLC raised its position in Curtiss-Wright Corporation by 1.6% in the second quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock worth $298,000 after buying an additional 50 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Curtiss-Wright Corporation by 0.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 7,674 shares of the aerospace company’s stock worth $700,000 after buying an additional 51 shares in the last quarter. Cardinal Capital Management raised its position in Curtiss-Wright Corporation by 1.1% in the first quarter. Cardinal Capital Management now owns 7,372 shares of the aerospace company’s stock worth $673,000 after buying an additional 78 shares in the last quarter. Finally, Sawgrass Asset Management LLC raised its position in Curtiss-Wright Corporation by 2.1% in the first quarter. Sawgrass Asset Management LLC now owns 3,875 shares of the aerospace company’s stock worth $354,000 after buying an additional 80 shares in the last quarter. 77.03% of the stock is currently owned by institutional investors.
Curtiss-Wright Corporation (NYSE:CW) opened at 97.88 on Tuesday. The company’s 50-day moving average is $93.26 and its 200-day moving average is $93.21. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 22.21 and a beta of 1.25. Curtiss-Wright Corporation has a 52-week low of $82.77 and a 52-week high of $107.61.
Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.16. The business had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, analysts expect that Curtiss-Wright Corporation will post $4.55 earnings per share for the current fiscal year.
CW has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. SunTrust Banks, Inc. raised shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $103.00 to $112.00 in a research report on Monday, June 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $104.00.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total transaction of $125,008.00. Following the sale, the director now directly owns 14,960 shares of the company’s stock, valued at $1,438,553.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.
Curtiss-Wright Corporation Company Profile
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.
Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corporation (NYSE:CW).
Receive News & Ratings for Curtiss-Wright Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corporation and related companies with MarketBeat.com's FREE daily email newsletter.