Curtiss-Wright Co. (NYSE:CW) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lessened its holdings in Curtiss-Wright Co. (NYSE:CW) by 18.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 147,730 shares of the aerospace company’s stock after selling 33,654 shares during the period. Curtiss-Wright accounts for approximately 1.2% of Systematic Financial Management LP’s holdings, making the stock its 11th largest holding. Systematic Financial Management LP’s holdings in Curtiss-Wright were worth $40,032,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC raised its position in Curtiss-Wright by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock valued at $512,000 after purchasing an additional 288 shares during the period. US Bancorp DE lifted its stake in Curtiss-Wright by 4.9% during the 4th quarter. US Bancorp DE now owns 5,406 shares of the aerospace company’s stock worth $1,204,000 after acquiring an additional 253 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Curtiss-Wright by 51.3% during the 4th quarter. Hsbc Holdings PLC now owns 4,585 shares of the aerospace company’s stock worth $1,023,000 after acquiring an additional 1,555 shares in the last quarter. Stifel Financial Corp boosted its holdings in Curtiss-Wright by 18.1% during the 4th quarter. Stifel Financial Corp now owns 55,748 shares of the aerospace company’s stock valued at $12,420,000 after acquiring an additional 8,547 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Curtiss-Wright by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 17,459 shares of the aerospace company’s stock valued at $3,890,000 after acquiring an additional 171 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now 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 can be accessed through the SEC website. Insiders purchased 120 shares of company stock worth $27,914 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the subject of several recent research reports. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Robert W. Baird boosted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $307.50.

Curtiss-Wright Stock Down 0.1 %

Curtiss-Wright stock opened at $325.65 on Friday. The stock has a market cap of $12.47 billion, a PE ratio of 33.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The stock’s fifty day moving average is $300.91 and its two-hundred day moving average is $278.45. Curtiss-Wright Co. has a 1-year low of $190.64 and a 1-year high of $333.73.

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

Curtiss-Wright Dividend Announcement

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