Select Equity Group L.P. Sells 58,677 Shares of Curtiss-Wright Co. (NYSE:CW)

Select Equity Group L.P. cut its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 353,768 shares of the aerospace company’s stock after selling 58,677 shares during the quarter. Select Equity Group L.P. owned about 0.92% of Curtiss-Wright worth $95,864,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CW. Sequoia Financial Advisors LLC lifted its position in Curtiss-Wright by 1.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after acquiring an additional 45 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Curtiss-Wright by 4.5% during the second quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock valued at $289,000 after buying an additional 46 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Curtiss-Wright by 2.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after buying an additional 53 shares during the last quarter. Private Advisor Group LLC raised its position in Curtiss-Wright by 3.5% in the 2nd quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company’s stock worth $592,000 after buying an additional 73 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in Curtiss-Wright by 2.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $1,056,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

CW has been the subject of a number of research analyst reports. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday. Robert W. Baird lifted their target price 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, Stifel Nicolaus raised their price target on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $307.50.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $326.13 on Friday. Curtiss-Wright Co. has a 12-month low of $190.64 and a 12-month high of $333.73. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 33.59 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $299.94 and a 200 day moving average of $277.57.

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

Curtiss-Wright Announces Dividend

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

Curtiss-Wright Profile

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.