NewEdge Advisors LLC lowered its stake in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 41.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,425 shares of the aerospace company’s stock after selling 998 shares during the period. NewEdge Advisors LLC’s holdings in Curtiss-Wright were worth $971,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC bought a new position in shares of Curtiss-Wright in the 4th quarter valued at $31,000. Signature Equity Partners LLC grew its holdings in shares of Curtiss-Wright by 140.0% during the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 35 shares during the last quarter. Larson Financial Group LLC grew its holdings in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after buying an additional 15 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Curtiss-Wright during the 4th quarter worth about $42,000. Institutional investors own 82.71% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on CW shares. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a report on Wednesday, August 12th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley restated an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Finally, Stifel Nicolaus increased their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $782.50.
Curtiss-Wright Stock Down 0.3%
Curtiss-Wright stock opened at $693.97 on Wednesday. The company has a market capitalization of $25.63 billion, a PE ratio of 47.76, a PEG ratio of 3.15 and a beta of 0.87. Curtiss-Wright Corporation has a 12-month low of $465.51 and a 12-month high of $808.16. The firm’s fifty day moving average is $740.29 and its 200 day moving average is $716.46. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27.
Curtiss-Wright (NYSE:CW – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. During the same period last year, the company posted $3.23 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.
Insider Transactions at Curtiss-Wright
In related news, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,119 shares of company stock valued at $2,257,998 in the last 90 days. 0.51% of the stock is currently owned by corporate insiders.
About Curtiss-Wright
Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.
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