Hillcrest Asset Management Lowers stake in Curtiss-Wright Corp. (CW)

Curtiss-Wright Corp. (CW) : Hillcrest Asset Management reduced its stake in Curtiss-Wright Corp. by 0.35% during the most recent quarter end. The investment management company now holds a total of 139,733 shares of Curtiss-Wright Corp. which is valued at $12,480,952 after selling 486 shares in Curtiss-Wright Corp. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Curtiss-Wright Corp. makes up approximately 2.99% of Hillcrest Asset Management’s portfolio.

Other Hedge Funds, Including , New York Life Trust Co added CW to its portfolio by purchasing 603 company shares during the most recent quarter which is valued at $53,860. Curtiss-Wright Corp. makes up approx 0.25% of New York Life Trust Co’s portfolio.Bluestein R H Co boosted its stake in CW in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 5,250 shares of Curtiss-Wright Corp. which is valued at $468,930. Curtiss-Wright Corp. makes up approx 0.03% of Bluestein R H Co’s portfolio. South Dakota Investment Council sold out all of its stake in CW during the most recent quarter. The investment firm sold 9,200 shares of CW which is valued $821,744.Blackrock Advisors reduced its stake in CW by selling 91 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 20,866 shares of CW which is valued at $1,863,751.Royce Associates Lp boosted its stake in CW in the latest quarter, The investment management firm added 4,926 additional shares and now holds a total of 29,926 shares of Curtiss-Wright Corp. which is valued at $2,680,472. Curtiss-Wright Corp. makes up approx 0.02% of Royce Associates Lp’s portfolio.

Curtiss-Wright Corp. opened for trading at $90.18 and hit $90.28 on the upside on Thursday, eventually ending the session at $90.12, with a gain of 0.24% or 0.22 points. The heightened volatility saw the trading volume jump to 1,25,112 shares. Company has a market cap of $4,003 M.

On the company’s financial health, Curtiss-Wright Corp. reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.81. The company had revenue of $533.00 million for the quarter, compared to analysts expectations of $523.83 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.83 EPS.

Curtiss-Wright Corporation is a provider of engineered critical function products and services to the commercial defense energy and industrial markets. The Company operates under three segments: Commercial/Industrial Defense and Energy. The Company’s manufacturing facilities are located in the United States in New York Ohio North Carolina and Pennsylvania and internationally in Canada and the United Kingdom. The Company has approximately 185 facilities including five corporate and shared-services facilities. It supplies its products and services to original equipment manufacturers (OEMs) and aftermarket industrial customers including the transportation commercial trucking off-road equipment construction automotive chemical oil and gas and medical industries. It also produces operation-critical valves for the power and process industries.

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