Marks Group Wealth Management Inc Decreases Holdings in Curtiss-Wright Corporation $CW

Marks Group Wealth Management Inc decreased its position in Curtiss-Wright Corporation (NYSE:CW) by 36.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,897 shares of the aerospace company’s stock after selling 6,752 shares during the quarter. Curtiss-Wright comprises 0.8% of Marks Group Wealth Management Inc’s holdings, making the stock its 28th largest position. Marks Group Wealth Management Inc’s holdings in Curtiss-Wright were worth $8,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in Curtiss-Wright by 1.2% during the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after acquiring an additional 16,962 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Curtiss-Wright by 7.9% in the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock worth $671,231,000 after acquiring an additional 88,688 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Curtiss-Wright by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after purchasing an additional 47,287 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Curtiss-Wright by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after purchasing an additional 39,515 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Curtiss-Wright by 9.3% during the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock valued at $293,972,000 after purchasing an additional 45,589 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In other news, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the sale, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 0.1%

NYSE CW opened at $751.58 on Thursday. Curtiss-Wright Corporation has a fifty-two week low of $463.00 and a fifty-two week high of $808.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. The stock has a 50 day simple moving average of $746.77 and a two-hundred day simple moving average of $699.21. The stock has a market cap of $27.76 billion, a P/E ratio of 55.06, a price-to-earnings-growth ratio of 3.46 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.82 earnings per share. On average, analysts forecast that Curtiss-Wright Corporation will post 15.18 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s payout ratio is presently 7.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CW shares. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday. Citigroup lifted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.33.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.