Public Employees Retirement System of Ohio Increases Stock Holdings in Curtiss-Wright Corp. (NYSE:CW)
Public Employees Retirement System of Ohio boosted its holdings in shares of Curtiss-Wright Corp. (NYSE:CW) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,918 shares of the aerospace company’s stock after buying an additional 5,192 shares during the period. Public Employees Retirement System of Ohio’s holdings in Curtiss-Wright were worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in CW. BlackRock Inc. increased its holdings in shares of Curtiss-Wright by 4.5% during the second quarter. BlackRock Inc. now owns 4,807,922 shares of the aerospace company’s stock valued at $611,232,000 after acquiring an additional 208,921 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Curtiss-Wright by 3.6% during the second quarter. Vanguard Group Inc. now owns 3,801,608 shares of the aerospace company’s stock valued at $483,298,000 after buying an additional 133,392 shares during the last quarter. Boston Partners increased its position in shares of Curtiss-Wright by 4.9% in the 3rd quarter. Boston Partners now owns 1,014,660 shares of the aerospace company’s stock valued at $131,416,000 after acquiring an additional 47,129 shares during the period. Bank of New York Mellon Corp increased its position in shares of Curtiss-Wright by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 970,418 shares of the aerospace company’s stock valued at $123,370,000 after acquiring an additional 46,187 shares during the period. Finally, Nuveen Asset Management LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $71,036,000. Institutional investors own 76.81% of the company’s stock.
In related news, VP Paul J. Ferdenzi sold 1,935 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $129.87, for a total transaction of $251,298.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Glenn E. Tynan sold 10,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $128.14, for a total transaction of $1,281,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,059 shares of company stock valued at $4,609,753 in the last quarter. Company insiders own 0.90% of the company’s stock.
Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, October 30th. The aerospace company reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.12. The firm had revenue of $614.88 million for the quarter, compared to analyst estimates of $624.15 million. Curtiss-Wright had a net margin of 12.13% and a return on equity of 18.83%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. Analysts forecast that Curtiss-Wright Corp. will post 7.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 29th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, November 27th. Curtiss-Wright’s dividend payout ratio is currently 10.68%.
A number of analysts have commented on CW shares. Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Wednesday, September 11th. Stifel Nicolaus set a $150.00 price objective on Curtiss-Wright and gave the company a “buy” rating in a report on Friday, November 1st. Finally, ValuEngine cut Curtiss-Wright from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $141.00.
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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