Curtiss-Wright Co. (NYSE:CW) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in Curtiss-Wright Co. (NYSE:CW) by 24.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,801 shares of the aerospace company’s stock after selling 2,157 shares during the period. Hsbc Holdings PLC’s holdings in Curtiss-Wright were worth $1,863,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CW. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Curtiss-Wright by 30,079.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after purchasing an additional 301,394 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Curtiss-Wright during the second quarter valued at about $41,383,000. Public Employees Retirement Association of Colorado grew its position in Curtiss-Wright by 1,901.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock valued at $33,502,000 after acquiring an additional 142,863 shares during the period. Global Alpha Capital Management Ltd. increased its stake in Curtiss-Wright by 41.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after acquiring an additional 103,780 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Curtiss-Wright by 79.2% in the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock worth $53,318,000 after purchasing an additional 86,955 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on CW shares. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $307.50.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders acquired 120 shares of company stock worth $27,914. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Trading Up 0.4 %

Shares of NYSE CW opened at $326.13 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $299.94 and its two-hundred day moving average price is $277.57. Curtiss-Wright Co. has a 52-week low of $190.64 and a 52-week high of $333.73. The stock has a market capitalization of $12.49 billion, a P/E ratio of 33.59 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.15 earnings per share. On average, analysts anticipate that Curtiss-Wright Co. will post 10.55 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 8.65%.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.