Benjamin Edwards Inc. Has $444,000 Stock Position in Curtiss-Wright Co. (NYSE:CW)

Benjamin Edwards Inc. lessened its position in Curtiss-Wright Co. (NYSE:CW) by 17.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,639 shares of the aerospace company’s stock after selling 348 shares during the period. Benjamin Edwards Inc.’s holdings in Curtiss-Wright were worth $444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after purchasing an additional 18,939 shares in the last quarter. Boston Partners grew its holdings in shares of Curtiss-Wright by 3.0% during the first quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after buying an additional 40,657 shares during the last quarter. Norges Bank bought a new stake in shares of Curtiss-Wright during the fourth quarter worth about $113,885,000. Global Alpha Capital Management Ltd. raised its holdings in shares of Curtiss-Wright by 41.7% in the 1st 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, Sumitomo Mitsui Trust Holdings Inc. lifted its position in 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 acquiring an additional 301,394 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Activity

In related 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 value of $151,400.00. Following the sale, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 120 shares of company stock valued at $27,914 in the last three months. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CW. Stifel Nicolaus increased their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 12th. Finally, Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $307.50.

Curtiss-Wright Stock Performance

CW stock opened at $328.45 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 firm has a market cap of $12.58 billion, a PE ratio of 33.83 and a beta of 1.18. The business has a 50 day moving average of $295.28 and a 200-day moving average of $274.56. Curtiss-Wright Co. has a 12-month low of $190.64 and a 12-month high of $328.83.

Curtiss-Wright (NYSE:CW) last announced 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. The firm had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 EPS. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid 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 payout ratio 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.