Westwood Holdings Group Inc. lessened its stake in shares of Curtiss-Wright Corp. (NYSE:CW) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 534,247 shares of the aerospace company’s stock after selling 73,986 shares during the quarter. Westwood Holdings Group Inc. owned approximately 1.21% of Curtiss-Wright worth $65,098,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in shares of Curtiss-Wright during the fourth quarter worth $281,000. Zeke Capital Advisors LLC acquired a new position in shares of Curtiss-Wright during the fourth quarter worth $243,000. Millennium Management LLC lifted its holdings in shares of Curtiss-Wright by 132.7% during the fourth quarter. Millennium Management LLC now owns 290,711 shares of the aerospace company’s stock worth $35,423,000 after purchasing an additional 165,803 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of Curtiss-Wright by 16.4% during the fourth quarter. Flinton Capital Management LLC now owns 7,004 shares of the aerospace company’s stock worth $854,000 after purchasing an additional 986 shares during the period. Finally, Meadow Creek Investment Management LLC lifted its holdings in shares of Curtiss-Wright by 16.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 3,296 shares of the aerospace company’s stock worth $402,000 after purchasing an additional 464 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Albert E. Smith sold 1,700 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $122.35, for a total value of $207,995.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Tom P. Quinly sold 14,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $137.26, for a total transaction of $1,990,270.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,854 shares of company stock worth $7,000,065. 1.10% of the stock is owned by company insiders.
Curtiss-Wright Corp. (CW) opened at $137.26 on Friday. The stock has a market cap of $5,981.19, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.89 and a beta of 1.17. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.53. Curtiss-Wright Corp. has a fifty-two week low of $82.77 and a fifty-two week high of $140.07.
Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.29. The business had revenue of $611.88 million for the quarter, compared to analyst estimates of $589.22 million. Curtiss-Wright had a net margin of 9.46% and a return on equity of 15.46%. equities analysts expect that Curtiss-Wright Corp. will post 5.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 annualized dividend and a yield of 0.44%. Curtiss-Wright’s payout ratio is 12.47%.
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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.
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