Frontier Capital Management Co. LLC Has $9.17 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Frontier Capital Management Co. LLC lowered its position in shares of Curtiss-Wright Co. (NYSE:CW) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,853 shares of the aerospace company’s stock after selling 69 shares during the period. Frontier Capital Management Co. LLC owned 0.07% of Curtiss-Wright worth $9,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC raised its position in shares of Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 29 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Curtiss-Wright by 0.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after purchasing an additional 29 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 30 shares during the period. Cornerstone Investment Partners LLC boosted its stake in shares of Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 32 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Curtiss-Wright by 1.6% during the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company’s stock worth $753,000 after buying an additional 34 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on CW. Citigroup cut their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Finally, Truist Financial cut their price target on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $377.43.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $384.24 on Friday. The stock’s 50 day moving average is $326.48 and its 200-day moving average is $345.29. Curtiss-Wright Co. has a twelve month low of $258.85 and a twelve month high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.43. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $1.99 earnings per share. Sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer now owns 9,253 shares of the company’s stock, valued at $3,238,550. This trade represents a 34.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,642 shares of company stock valued at $3,581,107. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.