Quantitative Investment Management LLC lessened its holdings in Curtiss-Wright Corp. (NYSE:CW) by 68.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,600 shares of the aerospace company’s stock after selling 12,100 shares during the period. Quantitative Investment Management LLC’s holdings in Curtiss-Wright were worth $682,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in CW. BlackRock Inc. raised its position in shares of Curtiss-Wright by 4.4% in the fourth quarter. BlackRock Inc. now owns 6,019,976 shares of the aerospace company’s stock valued at $733,531,000 after buying an additional 252,599 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $25,354,000. Prudential Financial Inc. raised its position in shares of Curtiss-Wright by 51.0% in the third quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock valued at $51,721,000 after buying an additional 167,135 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Curtiss-Wright by 69.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 259,590 shares of the aerospace company’s stock valued at $31,631,000 after buying an additional 106,285 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Curtiss-Wright by 22.1% in the fourth quarter. Wells Fargo & Company MN now owns 354,428 shares of the aerospace company’s stock valued at $43,187,000 after buying an additional 64,159 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.
In other news, Director Albert E. Smith sold 1,700 shares of the 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP K Christopher Farkas sold 700 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $120.25, for a total transaction of $84,175.00. Following the completion of the sale, the vice president now directly owns 2,152 shares of the company’s stock, valued at approximately $258,778. The disclosure for this sale can be found here. Insiders have sold 53,854 shares of company stock valued at $7,000,065 in the last ninety days. 1.10% of the stock is currently owned by company insiders.
Curtiss-Wright Corp. (NYSE:CW) opened at $135.77 on Friday. Curtiss-Wright Corp. has a 52-week low of $82.77 and a 52-week high of $140.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.73 and a current ratio of 2.37. The company has a market cap of $6,129.55, a P/E ratio of 28.04, a P/E/G ratio of 1.94 and a beta of 1.17.
Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.46 by $0.29. Curtiss-Wright had a net margin of 9.46% and a return on equity of 15.46%. The firm had revenue of $611.88 million during the quarter, compared to analyst estimates of $589.22 million. equities research analysts expect that Curtiss-Wright Corp. will post 5.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, March 28th. Curtiss-Wright’s dividend payout ratio (DPR) is 12.47%.
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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