Bank of New York Mellon Corp cut its position in Curtiss-Wright Corporation (NYSE:CW) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 939,225 shares of the aerospace company’s stock after selling 4,835 shares during the period. Bank of New York Mellon Corp owned approximately 2.13% of Curtiss-Wright Corporation worth $86,203,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CW. TrimTabs Asset Management LLC raised its stake in shares of Curtiss-Wright Corporation by 88.6% in the first quarter. TrimTabs Asset Management LLC now owns 1,175 shares of the aerospace company’s stock worth $107,000 after buying an additional 552 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Curtiss-Wright Corporation by 7.3% in the first quarter. Meadow Creek Investment Management LLC now owns 1,408 shares of the aerospace company’s stock worth $129,000 after buying an additional 96 shares during the last quarter. Neuburgh Advisers LLC raised its stake in shares of Curtiss-Wright Corporation by 7.3% in the first quarter. Neuburgh Advisers LLC now owns 1,936 shares of the aerospace company’s stock worth $177,000 after buying an additional 132 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in shares of Curtiss-Wright Corporation by 93.2% in the second quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock worth $180,000 after buying an additional 7,970 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Curtiss-Wright Corporation during the fourth quarter worth about $207,000. Institutional investors and hedge funds own 76.62% of the company’s stock.

Curtiss-Wright Corporation (NYSE:CW) opened at 95.89 on Monday. The stock’s 50 day moving average price is $95.37 and its 200-day moving average price is $93.12. Curtiss-Wright Corporation has a 12 month low of $82.77 and a 12 month high of $107.61. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 21.75 and a beta of 1.25.

Curtiss-Wright Corporation (NYSE:CW) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. The company had revenue of $567.70 million during the quarter, compared to analysts’ expectations of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. Equities analysts expect that Curtiss-Wright Corporation will post $4.55 EPS for the current year.

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A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Thursday, August 17th. BidaskClub upgraded Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and raised their price objective for the company from $103.00 to $112.00 in a research report on Monday, June 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Curtiss-Wright Corporation currently has an average rating of “Hold” and a consensus target price of $106.75.

In other news, Director S Marce Fuller sold 1,300 shares of the business’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 completion of the transaction, the director now owns 14,960 shares of the company’s stock, valued at $1,438,553.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.

Institutional Ownership by Quarter for Curtiss-Wright Corporation (NYSE:CW)

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