The BlackRock Advisors LLC Increases Position in Curtiss-Wright Corp. (CW)

The BlackRock Advisors LLC Increases Position in Curtiss-Wright Corp. (CW)

BlackRock Advisors LLC boosted its position in shares of Curtiss-Wright Corp. (NYSE:CW) by 8.8% during the third quarter, Holdings Channel reports. The institutional investor owned 22,710 shares of the company’s stock after buying an additional 1,844 shares during the period. BlackRock Advisors LLC’s holdings in Curtiss-Wright Corp. were worth $2,069,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CW. Public Employees Retirement System of Ohio raised its position in shares of Curtiss-Wright Corp. by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,477 shares of the company’s stock valued at $209,000 after buying an additional 44 shares during the last quarter. Sawgrass Asset Management LLC bought a new position in shares of Curtiss-Wright Corp. during the third quarter valued at approximately $232,000. LS Investment Advisors LLC raised its position in shares of Curtiss-Wright Corp. by 72.4% in the second quarter. LS Investment Advisors LLC now owns 2,747 shares of the company’s stock valued at $231,000 after buying an additional 1,154 shares during the last quarter. World Asset Management Inc acquired a new position in Curtiss-Wright Corp. during the third quarter worth about $260,000. Finally, Bank of The Ozarks raised its position in Curtiss-Wright Corp. by 3.6% in the third quarter. Bank of The Ozarks now owns 2,924 shares of the company’s stock worth $266,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 76.23% of the company’s stock.

Curtiss-Wright Corp. (NYSE:CW) traded down 0.01% during trading on Thursday, hitting $95.80. 430,260 shares of the stock traded hands. The stock has a market cap of $4.24 billion, a P/E ratio of 23.07 and a beta of 1.30. Curtiss-Wright Corp. has a 12 month low of $62.57 and a 12 month high of $107.61. The firm’s 50-day moving average is $100.65 and its 200-day moving average is $92.04.

Curtiss-Wright Corp. (NYSE:CW) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.01. The firm earned $507.09 million during the quarter, compared to the consensus estimate of $518.66 million. Curtiss-Wright Corp. had a return on equity of 14.85% and a net margin of 8.84%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. On average, analysts forecast that Curtiss-Wright Corp. will post $4.11 EPS for the current year.

A number of equities analysts have issued reports on the stock. Bank of America Corp. raised their price target on shares of Curtiss-Wright Corp. from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, December 29th. Zacks Investment Research raised shares of Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Deutsche Bank AG raised their price target on shares of Curtiss-Wright Corp. from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. CL King lowered shares of Curtiss-Wright Corp. from a “buy” rating to a “neutral” rating in a research report on Friday, November 11th. Finally, SunTrust Banks Inc. assumed coverage on shares of Curtiss-Wright Corp. in a research report on Thursday. They set a “hold” rating and a $105.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $102.60.

In related news, CEO David Charles Adams sold 27,475 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $89.40, for a total value of $2,456,265.00. Following the completion of the transaction, the chief executive officer now directly owns 60,031 shares of the company’s stock, valued at $5,366,771.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Glenn E. Tynan sold 48,591 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $103.98, for a total value of $5,052,492.18. Following the completion of the transaction, the vice president now directly owns 86,167 shares of the company’s stock, valued at $8,959,644.66. The disclosure for this sale can be found here. Insiders sold 138,821 shares of company stock valued at $14,001,352 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

About Curtiss-Wright Corp.

Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.

Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corp. (NYSE:CW).

Related posts

Leave a Comment