Landsberg Bennett & Dubbaneh LLC lessened its holdings in Curtiss-Wright Corp. (NYSE:CW) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,758 shares of the aerospace company’s stock after selling 136 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Curtiss-Wright were worth $2,431,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $35,000. Carroll Financial Associates Inc. acquired a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $38,000. Old North State Trust LLC acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth about $55,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $60,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $94,000. Institutional investors own 77.92% of the company’s stock.
In other Curtiss-Wright news, Director S Marce Fuller sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $122.90, for a total value of $122,900.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $1,256,283.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 1,935 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $129.87, for a total transaction of $251,298.45. The disclosure for this sale can be found here. Insiders sold a total of 33,982 shares of company stock valued at $4,284,340 over the last ninety days. 0.90% of the stock is currently owned by insiders.
Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.13. Curtiss-Wright had a net margin of 11.90% and a return on equity of 18.54%. The business had revenue of $639.00 million during the quarter, compared to the consensus estimate of $642.66 million. During the same period in the prior year, the firm posted $1.80 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Curtiss-Wright Corp. will post 7.12 EPS for the current fiscal year.
The company also recently disclosed a — dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd will be given a $0.17 dividend. This represents a yield of 0.5%. The ex-dividend date is Wednesday, October 2nd. Curtiss-Wright’s payout ratio is 10.68%.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a report on Wednesday, September 11th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Curtiss-Wright currently has an average rating of “Buy” and an average target price of $141.80.
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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