Schroder Investment Management Group Takes $13.44 Million Position in Curtiss-Wright Corporation (CW)
Schroder Investment Management Group bought a new position in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 148,200 shares of the aerospace company’s stock, valued at approximately $13,442,000. Schroder Investment Management Group owned 0.34% of Curtiss-Wright Corporation as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC grew its stake in Curtiss-Wright Corporation by 7.3% in the 1st quarter. Meadow Creek Investment Management LLC now owns 1,408 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 96 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Curtiss-Wright Corporation by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 143 shares during the last quarter. Neuburgh Advisers LLC boosted its holdings in shares of Curtiss-Wright Corporation by 7.3% in the 1st quarter. Neuburgh Advisers LLC now owns 1,936 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 132 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Curtiss-Wright Corporation by 93.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 7,970 shares during the last quarter. Finally, Burney Co. acquired a new position in shares of Curtiss-Wright Corporation in the 2nd quarter valued at $203,000. 76.62% of the stock is owned by hedge funds and other institutional investors.
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In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the transaction, the director now owns 14,960 shares in the company, valued at approximately $1,438,553.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.
Curtiss-Wright Corporation (NYSE:CW) opened at 99.79 on Friday. The firm has a 50 day moving average of $96.45 and a 200-day moving average of $93.00. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 22.64 and a beta of 1.26. Curtiss-Wright Corporation has a one year low of $82.77 and a one year 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.16. The firm had revenue of $567.70 million for the quarter, compared to analyst estimates 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 for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. Equities research analysts forecast that Curtiss-Wright Corporation will post $4.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s dividend payout ratio is currently 11.79%.
A number of equities analysts have weighed in on CW shares. Zacks Investment Research upgraded shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Tuesday, May 23rd. SunTrust Banks, Inc. upgraded shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $103.00 to $112.00 in a report on Monday, June 5th. Finally, BidaskClub upgraded shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Curtiss-Wright Corporation has an average rating of “Hold” and an average price target of $107.75.
Curtiss-Wright Corporation 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.
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