Cramer Rosenthal Mcglynn LLC Reduces Position in Curtiss-Wright Corporation (CW)
Cramer Rosenthal Mcglynn LLC trimmed its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 6.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 431,339 shares of the aerospace company’s stock after selling 32,163 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.98% of Curtiss-Wright Corporation worth $39,588,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Curtiss-Wright Corporation by 0.6% in the 2nd quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock valued at $470,833,000 after purchasing an additional 30,422 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Curtiss-Wright Corporation by 10.2% in the 1st quarter. Vanguard Group Inc. now owns 3,583,354 shares of the aerospace company’s stock valued at $327,018,000 after purchasing an additional 331,982 shares in the last quarter. State Street Corp lifted its holdings in Curtiss-Wright Corporation by 3.6% in the 1st quarter. State Street Corp now owns 1,679,070 shares of the aerospace company’s stock valued at $153,236,000 after purchasing an additional 57,628 shares in the last quarter. Northern Trust Corp boosted its stake in Curtiss-Wright Corporation by 1.5% during the 2nd quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock worth $113,933,000 after purchasing an additional 17,769 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Curtiss-Wright Corporation by 38.5% during the 1st quarter. AQR Capital Management LLC now owns 1,024,532 shares of the aerospace company’s stock worth $93,499,000 after purchasing an additional 285,005 shares during the last quarter. 76.18% of the stock is owned by hedge funds and other institutional investors.
WARNING: “Cramer Rosenthal Mcglynn LLC Reduces Position in Curtiss-Wright Corporation (CW)” was posted by Marea Informative and is the property of of Marea Informative. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at http://www.mareainformativa.com/cramer-rosenthal-mcglynn-llc-reduces-position-in-curtiss-wright-corporation-cw/115184/.
In other news, Director S Marce Fuller sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the completion of the transaction, the director now owns 14,960 shares of the company’s stock, valued at $1,438,553.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Paul J. Ferdenzi sold 6,907 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total transaction of $733,385.26. Following the completion of the transaction, the vice president now directly owns 19,467 shares of the company’s stock, valued at approximately $2,067,006.06. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on CW shares. BidaskClub raised shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus initiated coverage on shares of Curtiss-Wright Corporation in a research report on Monday, September 18th. They issued a “hold” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Curtiss-Wright Corporation currently has an average rating of “Hold” and a consensus price target of $107.40.
Shares of Curtiss-Wright Corporation (NYSE:CW) traded up 0.38% during mid-day trading on Wednesday, reaching $105.45. The company’s stock had a trading volume of 21,237 shares. Curtiss-Wright Corporation has a 1-year low of $82.77 and a 1-year high of $107.61. The firm has a market capitalization of $4.65 billion, a P/E ratio of 23.92 and a beta of 1.25. The company’s 50-day moving average is $99.11 and its 200 day moving average is $93.64.
Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The company had revenue of $567.70 million during the quarter, compared to the consensus estimate of $546.73 million. During the same quarter last year, the business posted $0.88 earnings per share. Curtiss-Wright Corporation’s revenue was up 6.6% compared to the same quarter last year. On average, analysts expect that Curtiss-Wright Corporation will post $4.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be given a $0.15 dividend. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, October 5th. Curtiss-Wright Corporation’s dividend payout ratio is currently 11.79%.
Curtiss-Wright Corporation Company 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.
Receive News & Stock Ratings for Curtiss-Wright Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corporation and related stocks with our FREE daily email newsletter.