Curtiss-Wright Corp. (CW) Shares Bought by First Trust Advisors LP
First Trust Advisors LP lifted its holdings in Curtiss-Wright Corp. (NYSE:CW) by 249.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,649 shares of the aerospace company’s stock after buying an additional 76,823 shares during the quarter. First Trust Advisors LP’s holdings in Curtiss-Wright were worth $14,793,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Curtiss-Wright in the third quarter valued at about $107,000. Fort L.P. bought a new position in shares of Curtiss-Wright in the second quarter valued at about $116,000. Cerebellum GP LLC bought a new position in shares of Curtiss-Wright in the third quarter valued at about $182,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Curtiss-Wright by 31.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,674 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 405 shares during the last quarter. Finally, Signition LP bought a new stake in Curtiss-Wright during the 2nd quarter worth about $202,000. 75.13% of the stock is owned by institutional investors and hedge funds.
CW has been the subject of several recent research reports. Zacks Investment Research cut Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Monday, August 13th. ValuEngine cut Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Stifel Nicolaus set a $120.00 price objective on Curtiss-Wright and gave the stock a “hold” rating in a report on Thursday, November 1st. SunTrust Banks dropped their price objective on Curtiss-Wright to $148.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Finally, Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright in a report on Tuesday, October 30th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Curtiss-Wright presently has a consensus rating of “Buy” and a consensus price target of $138.11.
Shares of NYSE:CW opened at $110.74 on Friday. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.45 and a beta of 1.40. Curtiss-Wright Corp. has a 1-year low of $105.77 and a 1-year high of $143.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.25 and a quick ratio of 1.53.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.12. The firm had revenue of $595.40 million during the quarter, compared to analysts’ expectations of $628.27 million. Curtiss-Wright had a return on equity of 17.59% and a net margin of 10.98%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 EPS. As a group, sell-side analysts expect that Curtiss-Wright Corp. will post 6.23 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 18th. Stockholders of record on Thursday, October 4th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 3rd. This represents a $0.60 annualized dividend and a dividend yield of 0.54%. Curtiss-Wright’s payout ratio is currently 11.93%.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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