Texas Yale Capital Corp. Reduces Position in Curtiss-Wright Corp. (NYSE:CW)

Texas Yale Capital Corp. lessened its stake in shares of Curtiss-Wright Corp. (NYSE:CW) by 50.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,200 shares of the aerospace company’s stock after selling 15,200 shares during the period. Texas Yale Capital Corp.’s holdings in Curtiss-Wright were worth $1,932,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in Curtiss-Wright by 2.2% in the 4th quarter. Legal & General Group Plc now owns 60,739 shares of the aerospace company’s stock valued at $6,202,000 after buying an additional 1,298 shares during the last quarter. Amalgamated Bank grew its holdings in Curtiss-Wright by 2.4% in the 4th quarter. Amalgamated Bank now owns 8,802 shares of the aerospace company’s stock valued at $899,000 after buying an additional 209 shares during the last quarter. FMR LLC grew its holdings in Curtiss-Wright by 11,081.0% in the 4th quarter. FMR LLC now owns 83,522 shares of the aerospace company’s stock valued at $8,529,000 after buying an additional 82,775 shares during the last quarter. Norges Bank acquired a new stake in Curtiss-Wright in the 4th quarter valued at approximately $60,229,000. Finally, Geode Capital Management LLC grew its holdings in Curtiss-Wright by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 456,955 shares of the aerospace company’s stock valued at $46,663,000 after buying an additional 34,519 shares during the last quarter. 76.23% of the stock is currently owned by institutional investors.

A number of brokerages have commented on CW. Zacks Investment Research upgraded Curtiss-Wright from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Wednesday, May 15th. ValuEngine upgraded Curtiss-Wright from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Stifel Nicolaus raised their price objective on Curtiss-Wright from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Curtiss-Wright currently has a consensus rating of “Buy” and an average target price of $139.33.

In other Curtiss-Wright news, VP Glenn E. Tynan sold 5,000 shares of Curtiss-Wright stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $115.00, for a total value of $575,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Charles Adams sold 7,000 shares of Curtiss-Wright stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $130.01, for a total value of $910,070.00. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock valued at $2,060,070 in the last 90 days. 0.90% of the stock is owned by corporate insiders.

Shares of CW stock traded down $3.53 during mid-day trading on Monday, reaching $119.90. The stock had a trading volume of 2,969 shares, compared to its average volume of 237,779. The company has a 50 day moving average of $124.89. The company has a current ratio of 2.10, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53. Curtiss-Wright Corp. has a one year low of $95.23 and a one year high of $141.29. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.48 and a beta of 1.23.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, July 31st. The aerospace company reported $1.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.13. The business had revenue of $639.00 million during the quarter, compared to the consensus estimate 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 was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.80 EPS. As a group, sell-side analysts expect that Curtiss-Wright Corp. will post 7.11 earnings per share for the current year.

Curtiss-Wright announced that its board has approved a stock buyback plan on Wednesday, May 15th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to purchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Curtiss-Wright Company Profile

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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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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