Public Employees Retirement Association of Colorado cut its holdings in Curtiss-Wright Corp. (NYSE:CW) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,841 shares of the aerospace company’s stock after selling 5,557 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Curtiss-Wright were worth $14,981,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Carroll Financial Associates Inc. acquired a new stake in Curtiss-Wright during the second quarter worth about $38,000. Brand Asset Management Group Inc. raised its holdings in Curtiss-Wright by 49.6% in the 1st quarter. Brand Asset Management Group Inc. now owns 377 shares of the aerospace company’s stock valued at $46,000 after buying an additional 125 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Curtiss-Wright in the 2nd quarter valued at approximately $60,000. Quadrant Capital Group LLC raised its holdings in Curtiss-Wright by 836.5% in the 1st quarter. Quadrant Capital Group LLC now owns 590 shares of the aerospace company’s stock valued at $65,000 after buying an additional 527 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. bought a new position in Curtiss-Wright in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 76.20% of the company’s stock.
Shares of NYSE CW opened at $116.48 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.41 and a debt-to-equity ratio of 0.53. Curtiss-Wright Corp. has a 1 year low of $95.23 and a 1 year high of $141.29. The firm has a 50 day simple moving average of $125.36. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 2.02 and a beta of 1.23.
Curtiss-Wright declared that its board has initiated a stock repurchase program on Wednesday, May 15th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the aerospace company to reacquire up to 4.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
In other Curtiss-Wright news, VP Glenn E. Tynan sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $115.00, for a total transaction of $575,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Marce Fuller sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $122.90, for a total transaction of $122,900.00. Following the transaction, the director now owns 10,222 shares of the company’s stock, valued at approximately $1,256,283.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,000 shares of company stock valued at $1,607,970. Company insiders own 0.90% of the company’s stock.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Wednesday, May 15th. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $138.00 to $147.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, ValuEngine upgraded shares of Curtiss-Wright from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $139.33.
Curtiss-Wright Company Profile
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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