Crossmark Global Holdings Inc. cut its stake in shares of Curtiss-Wright Corp. (NYSE:CW) by 13.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,009 shares of the aerospace company’s stock after selling 760 shares during the period. Crossmark Global Holdings Inc.’s holdings in Curtiss-Wright were worth $648,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in CW. Old North State Trust LLC acquired a new position in Curtiss-Wright in the third quarter valued at about $55,000. Cerebellum GP LLC grew its stake in Curtiss-Wright by 19.0% in the third quarter. Cerebellum GP LLC now owns 3,509 shares of the aerospace company’s stock valued at $454,000 after acquiring an additional 560 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Curtiss-Wright by 57.7% during the third quarter. State of Alaska Department of Revenue now owns 7,600 shares of the aerospace company’s stock worth $983,000 after buying an additional 2,782 shares during the period. Macquarie Group Ltd. boosted its position in shares of Curtiss-Wright by 38.3% during the second quarter. Macquarie Group Ltd. now owns 46,652 shares of the aerospace company’s stock worth $5,930,000 after buying an additional 12,927 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Curtiss-Wright during the second quarter worth about $201,000. 77.93% of the stock is owned by institutional investors and hedge funds.
In related news, Director S Marce Fuller sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $122.90, for a total transaction of $122,900.00. Following the sale, the director now owns 10,222 shares in the company, valued at $1,256,283.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul J. Ferdenzi sold 1,935 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $129.87, for a total value of $251,298.45. The disclosure for this sale can be found here. Insiders have sold 33,982 shares of company stock valued at $4,284,340 over the last ninety days. 0.90% of the stock is owned by insiders.
CW stock opened at $126.94 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.10 and a quick ratio of 1.41. The stock has a market capitalization of $5.41 billion, a P/E ratio of 18.61, a P/E/G ratio of 2.15 and a beta of 1.18. The business has a 50-day moving average of $127.36 and a 200-day moving average of $120.90. Curtiss-Wright Corp. has a fifty-two week low of $95.23 and a fifty-two week high of $134.41.
Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.13. The company had revenue of $639.00 million during the quarter, compared to analysts’ expectations of $642.66 million. Curtiss-Wright had a return on equity of 18.54% and a net margin of 11.90%. Curtiss-Wright’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. Equities analysts expect that Curtiss-Wright Corp. will post 7.12 EPS for the current year.
The company also recently disclosed a — dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a dividend yield of 0.5%. Curtiss-Wright’s dividend payout ratio is currently 10.68%.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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