Curtiss-Wright Co. (NYSE:CW) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. reduced its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 2.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,332 shares of the aerospace company’s stock after selling 298 shares during the period. Ameritas Investment Partners Inc.’s holdings in Curtiss-Wright were worth $2,800,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CW. Janney Montgomery Scott LLC grew its holdings in Curtiss-Wright by 14.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock worth $512,000 after acquiring an additional 288 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Curtiss-Wright by 27.5% during the 4th quarter. Quadrant Capital Group LLC now owns 334 shares of the aerospace company’s stock valued at $74,000 after purchasing an additional 72 shares in the last quarter. Norges Bank purchased a new position in shares of Curtiss-Wright during the 4th quarter valued at approximately $113,885,000. Coldstream Capital Management Inc. lifted its stake in shares of Curtiss-Wright by 16.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,391 shares of the aerospace company’s stock valued at $310,000 after purchasing an additional 195 shares during the period. Finally, Assetmark Inc. boosted its holdings in Curtiss-Wright by 49.3% during the fourth quarter. Assetmark Inc. now owns 3,428 shares of the aerospace company’s stock worth $764,000 after buying an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 3.3 %

CW opened at $328.50 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. Curtiss-Wright Co. has a twelve month low of $190.64 and a twelve month high of $328.83. The company has a market cap of $12.58 billion, a PE ratio of 33.83 and a beta of 1.18. The company has a 50-day moving average price of $296.25 and a 200 day moving average price of $275.43.

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

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CW shares. Robert W. Baird upped 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. Stifel Nicolaus upped their price target on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Buy” and a consensus target price of $307.50.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the stock in a transaction dated Friday, August 16th. The shares were 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 owns 1,382 shares in the company, valued at approximately $418,469.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 120 shares of company stock valued at $27,914. Corporate insiders own 0.67% of the company’s stock.

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.