Acadian Asset Management LLC lowered its position in Curtiss-Wright Corporation (NYSE:CW) by 62.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,059 shares of the aerospace company’s stock after selling 13,580 shares during the period. Acadian Asset Management LLC’s holdings in Curtiss-Wright Corporation were worth $740,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TrimTabs Asset Management LLC raised its position in shares of Curtiss-Wright Corporation by 88.6% in the first quarter. TrimTabs Asset Management LLC now owns 1,175 shares of the aerospace company’s stock worth $107,000 after buying an additional 552 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Curtiss-Wright Corporation by 7.3% in the first quarter. Meadow Creek Investment Management LLC now owns 1,408 shares of the aerospace company’s stock worth $129,000 after buying an additional 96 shares in the last quarter. Neuburgh Advisers LLC raised its position in shares of Curtiss-Wright Corporation by 7.3% in the first quarter. Neuburgh Advisers LLC now owns 1,936 shares of the aerospace company’s stock worth $177,000 after buying an additional 132 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Curtiss-Wright Corporation during the fourth quarter worth $207,000. Finally, Koch Industries Inc. acquired a new position in shares of Curtiss-Wright Corporation during the first quarter worth $214,000. 77.03% of the stock is currently owned by hedge funds and other institutional investors.
Curtiss-Wright Corporation (NYSE CW) traded down 0.99% during mid-day trading on Friday, reaching $95.28. The company’s stock had a trading volume of 162,741 shares. The firm has a market capitalization of $4.21 billion, a P/E ratio of 21.62 and a beta of 1.25. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $107.61. The firm’s 50 day moving average price is $94.35 and its 200 day moving average price is $93.31.
Curtiss-Wright Corporation (NYSE:CW) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The company had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $546.73 million. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts anticipate that Curtiss-Wright Corporation will post $4.56 EPS for the current fiscal year.
A number of research analysts recently weighed in on CW shares. SunTrust Banks, Inc. raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $103.00 to $112.00 in a report on Monday, June 5th. Zacks Investment Research raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Tuesday, May 23rd. Finally, BidaskClub raised Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $104.00.
In other news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $90.65, for a total transaction of $117,845.00. Following the transaction, the director now directly owns 16,260 shares in the company, valued at approximately $1,473,969. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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