Gotham Asset Management LLC Has $2.86 Million Position in Curtiss-Wright Corporation (CW)
Gotham Asset Management LLC lessened its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 86.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,157 shares of the aerospace company’s stock after selling 203,296 shares during the period. Gotham Asset Management LLC owned about 0.07% of Curtiss-Wright Corporation worth $2,860,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Curtiss-Wright Corporation by 0.6% in the second quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock valued at $470,833,000 after buying an additional 30,422 shares during the period. Vanguard Group Inc. raised its stake in Curtiss-Wright Corporation by 10.2% in the first quarter. Vanguard Group Inc. now owns 3,583,354 shares of the aerospace company’s stock valued at $327,018,000 after buying an additional 331,982 shares during the period. State Street Corp raised its stake in Curtiss-Wright Corporation by 3.6% in the first quarter. State Street Corp now owns 1,679,070 shares of the aerospace company’s stock valued at $153,236,000 after buying an additional 57,628 shares during the period. Northern Trust Corp raised its stake in Curtiss-Wright Corporation by 1.5% in the second quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock valued at $113,933,000 after buying an additional 17,769 shares during the period. Finally, AQR Capital Management LLC raised its stake in Curtiss-Wright Corporation by 38.5% in the first quarter. AQR Capital Management LLC now owns 1,024,532 shares of the aerospace company’s stock valued at $93,499,000 after buying an additional 285,005 shares during the period. Institutional investors and hedge funds own 76.18% of the company’s stock.
In related news, VP Paul J. Ferdenzi sold 2,651 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $111.00, for a total value of $294,261.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total transaction of $125,008.00. Following the completion of the sale, the director now directly owns 14,960 shares in the company, valued at approximately $1,438,553.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,198 shares of company stock worth $1,405,374. Insiders own 1.10% of the company’s stock.
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Shares of Curtiss-Wright Corporation (NYSE CW) opened at 113.21 on Friday. Curtiss-Wright Corporation has a 1-year low of $82.77 and a 1-year high of $113.30. The firm has a 50-day moving average price of $102.54 and a 200 day moving average price of $94.62. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 25.68 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $546.73 million. During the same quarter last year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Curtiss-Wright Corporation will post $4.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is currently 13.61%.
CW has been the topic of several research analyst reports. Zacks Investment Research lowered Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Stifel Nicolaus initiated coverage on Curtiss-Wright Corporation in a research note on Monday, September 18th. They issued a “hold” rating and a $100.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $111.60.
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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