Campbell & CO Investment Adviser LLC increased its position in Curtiss-Wright Co. (NYSE:CW) by 55.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,772 shares of the aerospace company’s stock after buying an additional 1,700 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Curtiss-Wright were worth $445,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. QV Investors Inc. acquired a new stake in shares of Curtiss-Wright in the third quarter valued at $44,000. Meeder Asset Management Inc. lifted its holdings in shares of Curtiss-Wright by 148.0% in the first quarter. Meeder Asset Management Inc. now owns 868 shares of the aerospace company’s stock valued at $81,000 after buying an additional 518 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of Curtiss-Wright in the second quarter valued at $90,000. Csenge Advisory Group acquired a new stake in shares of Curtiss-Wright during the second quarter worth $200,000. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of Curtiss-Wright during the first quarter worth $234,000. Institutional investors and hedge funds own 78.21% of the company’s stock.
Separately, ValuEngine lowered Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $120.25.
Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Monday, August 3rd. The aerospace company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.03. The firm had revenue of $550.05 million for the quarter, compared to analyst estimates of $542.34 million. Curtiss-Wright had a return on equity of 16.75% and a net margin of 10.52%. Curtiss-Wright’s quarterly revenue was down 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 earnings per share. Analysts expect that Curtiss-Wright Co. will post 6.8 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Wednesday, September 30th. Curtiss-Wright’s payout ratio is 9.35%.
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.
Recommended Story: Book Value Of Equity Per Share – BVPS Explained
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.