Retirement Systems of Alabama increased its position in shares of Curtiss-Wright Co. (NYSE:CW – Get Rating) by 0.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,487 shares of the aerospace company’s stock after buying an additional 103 shares during the quarter. Retirement Systems of Alabama’s holdings in Curtiss-Wright were worth $7,731,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of CW. Saddle Point Management L.P. grew its holdings in shares of Curtiss-Wright by 849.6% during the fourth quarter. Saddle Point Management L.P. now owns 92,808 shares of the aerospace company’s stock worth $12,870,000 after buying an additional 83,035 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Curtiss-Wright in the fourth quarter valued at approximately $9,113,000. Invesco Ltd. grew its stake in Curtiss-Wright by 5.9% in the fourth quarter. Invesco Ltd. now owns 993,167 shares of the aerospace company’s stock valued at $137,723,000 after purchasing an additional 54,968 shares in the last quarter. Alliancebernstein L.P. grew its stake in Curtiss-Wright by 16.9% in the fourth quarter. Alliancebernstein L.P. now owns 313,738 shares of the aerospace company’s stock valued at $43,506,000 after purchasing an additional 45,435 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in Curtiss-Wright in the first quarter valued at approximately $6,405,000. Institutional investors and hedge funds own 81.61% of the company’s stock.
Separately, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 13th.
CW opened at $133.51 on Tuesday. Curtiss-Wright Co. has a 12-month low of $111.26 and a 12-month high of $162.98. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 21.60 and a beta of 1.34. The business has a 50 day moving average of $138.55 and a 200-day moving average of $141.61. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.52.
Curtiss-Wright (NYSE:CW – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The aerospace company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. Curtiss-Wright had a return on equity of 15.35% and a net margin of 10.06%. The company had revenue of $559.46 million during the quarter, compared to analysts’ expectations of $579.97 million. During the same period last year, the firm posted $1.51 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. As a group, analysts expect that Curtiss-Wright Co. will post 8.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 17th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, June 16th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 12.30%.
Curtiss-Wright Company Profile (Get Rating)
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
Further Reading
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