Curtiss-Wright Co. (NYSE:CW) Stock Position Lessened by Amalgamated Bank

Amalgamated Bank reduced its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,351 shares of the aerospace company’s stock after selling 3,468 shares during the quarter. Amalgamated Bank owned about 0.05% of Curtiss-Wright worth $5,244,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC raised its position in shares of Curtiss-Wright by 1,414.4% during the 1st quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock worth $4,105,000 after buying an additional 14,979 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Curtiss-Wright by 38.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock worth $19,524,000 after purchasing an additional 21,074 shares during the period. Assenagon Asset Management S.A. bought a new position in Curtiss-Wright during the 2nd quarter valued at $41,383,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Curtiss-Wright during the 1st quarter valued at $5,007,000. Finally, Cetera Advisors LLC raised its stake in shares of Curtiss-Wright by 178.7% in the 1st quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock worth $1,017,000 after buying an additional 2,548 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the stock in a transaction 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 in the company, valued at approximately $418,469.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders bought 120 shares of company stock valued at $27,914. 0.67% of the stock is owned by corporate insiders.

Curtiss-Wright Trading Up 3.3 %

NYSE CW opened at $328.45 on Friday. The firm’s 50 day moving average price is $295.28 and its two-hundred day moving average price is $274.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. Curtiss-Wright Co. has a twelve month low of $190.64 and a twelve month high of $328.83. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 33.83 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating 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 company had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same quarter in the prior year, the company earned $2.15 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts anticipate that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright’s dividend 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.