Globeflex Capital L P Has $2.52 Million Position in Curtiss-Wright Corporation $CW

Globeflex Capital L P increased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 44.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,696 shares of the aerospace company’s stock after purchasing an additional 1,135 shares during the period. Globeflex Capital L P’s holdings in Curtiss-Wright were worth $2,517,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after buying an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Curtiss-Wright in the second quarter valued at $235,000. Northwestern Mutual Wealth Management Co. raised its stake in Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 35 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Curtiss-Wright during the second quarter valued at $5,423,000. Finally, Cresset Asset Management LLC grew its holdings in shares of Curtiss-Wright by 46.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after purchasing an additional 457 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 1.6%

Shares of NYSE CW opened at $733.33 on Thursday. Curtiss-Wright Corporation has a 12-month low of $464.91 and a 12-month high of $808.16. The firm’s 50-day simple moving average is $745.19 and its 200 day simple moving average is $704.86. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The company has a market cap of $27.09 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 3.31 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter last year, the company posted $2.82 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts expect that Curtiss-Wright Corporation will post 15.22 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio is 7.62%.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the transaction, the chief executive officer owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 3,119 shares of company stock worth $2,257,998. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Citigroup lifted their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Stifel Nicolaus boosted their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $773.67.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.