Bingham Osborn & Scarborough LLC Purchases Shares of 2,123 Curtiss-Wright Corporation (CW)
Bingham Osborn & Scarborough LLC acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,123 shares of the aerospace company’s stock, valued at approximately $222,000.
A number of other institutional investors also recently modified their holdings of CW. Capital Research Global Investors purchased a new position in Curtiss-Wright Corporation during the 2nd quarter valued at $42,330,000. Boston Partners grew its position in shares of Curtiss-Wright Corporation by 44.8% in the 3rd quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock worth $142,337,000 after buying an additional 421,332 shares during the period. Voya Investment Management LLC grew its position in shares of Curtiss-Wright Corporation by 137.8% in the 2nd quarter. Voya Investment Management LLC now owns 584,459 shares of the aerospace company’s stock worth $53,641,000 after buying an additional 338,718 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Curtiss-Wright Corporation in the 2nd quarter worth about $27,768,000. Finally, Prudential Financial Inc. grew its position in shares of Curtiss-Wright Corporation by 251.5% in the 2nd quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock worth $30,068,000 after buying an additional 234,409 shares during the period. 76.45% of the stock is currently owned by institutional investors and hedge funds.
In other Curtiss-Wright Corporation news, VP Paul J. Ferdenzi sold 6,907 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $106.18, for a total transaction of $733,385.26. Following the transaction, the vice president now owns 19,467 shares in the company, valued at approximately $2,067,006.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Charles Adams sold 17,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $119.04, for a total transaction of $2,023,680.00. Following the transaction, the chief executive officer now owns 70,570 shares in the company, valued at approximately $8,400,652.80. The disclosure for this sale can be found here. Insiders have sold a total of 40,865 shares of company stock worth $4,708,944 in the last 90 days. Company insiders own 1.10% of the company’s stock.
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Shares of Curtiss-Wright Corporation (CW) traded down $1.08 during mid-day trading on Friday, reaching $118.23. 183,100 shares of the company traded hands, compared to its average volume of 250,385. Curtiss-Wright Corporation has a one year low of $82.77 and a one year high of $120.54. The stock has a market cap of $5,217.37, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55.
Curtiss-Wright Corporation (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.21. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The company had revenue of $567.90 million for the quarter, compared to the consensus estimate of $539.28 million. During the same period in the prior year, the firm posted $1.02 EPS. Curtiss-Wright Corporation’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts anticipate that Curtiss-Wright Corporation will post 4.75 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 0.51%. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s dividend payout ratio is currently 12.45%.
A number of analysts have recently weighed in on CW shares. Wells Fargo & Company upped their target price on shares of Curtiss-Wright Corporation from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Bank of America Corporation raised shares of Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Monday, October 30th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $125.00 price objective on shares of Curtiss-Wright Corporation in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $126.67.
About Curtiss-Wright Corporation
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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