Caitong International Asset Management Co. Ltd Has $104,000 Position in Curtiss-Wright Corporation (NYSE:CW)

Caitong International Asset Management Co. Ltd lessened its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 31.5% during the first quarter, Holdings Channel reports. The fund owned 328 shares of the aerospace company’s stock after selling 151 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Curtiss-Wright were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Ascent Group LLC raised its holdings in Curtiss-Wright by 4.9% during the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock worth $253,000 after buying an additional 33 shares during the last quarter. Baird Financial Group Inc. raised its holdings in 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 last quarter. Portside Wealth Group LLC raised its holdings in Curtiss-Wright by 1.6% during the first quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company’s stock worth $680,000 after buying an additional 34 shares during the last quarter. GeoWealth Management LLC raised its holdings in Curtiss-Wright by 15.6% during the fourth quarter. GeoWealth Management LLC now owns 318 shares of the aerospace company’s stock worth $113,000 after buying an additional 43 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Curtiss-Wright by 4.7% during the fourth quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company’s stock worth $337,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Citigroup upped their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Robert W. Baird upped their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Morgan Stanley upped their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $468.14.

Insider Activity

In related news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Watts sold 450 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president owned 4,959 shares of the company’s stock, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

NYSE CW opened at $492.87 on Friday. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 41.59, a PEG ratio of 3.04 and a beta of 1.18. The company has a fifty day moving average price of $481.97 and a 200-day moving average price of $394.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.10. The company had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.67 earnings per share. As a group, equities research analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

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.