Meeder Advisory Services Inc. acquired a new stake in Curtiss-Wright Corporation (NYSE:CW – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,116 shares of the aerospace company’s stock, valued at approximately $846,000.
A number of other hedge funds have also modified their holdings of CW. Tiemann Investment Advisors LLC acquired a new stake in Curtiss-Wright in the 2nd quarter valued at $404,000. Citizens Financial Group Inc. RI bought a new stake in Curtiss-Wright in the second quarter valued at $527,000. BlackRock Inc. acquired a new position in Curtiss-Wright during the second quarter worth $3,448,649,000. Pallas Capital Advisors LLC acquired a new position in Curtiss-Wright during the second quarter worth $1,964,000. Finally, Deutsche Bank AG bought a new position in shares of Curtiss-Wright during the second quarter valued at $101,511,000. 82.71% of the stock is owned by institutional investors and hedge funds.
Curtiss-Wright Price Performance
Curtiss-Wright stock opened at $673.19 on Thursday. The business’s fifty day moving average is $739.32 and its two-hundred day moving average is $716.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The firm has a market cap of $24.86 billion, a P/E ratio of 46.33, a P/E/G ratio of 3.14 and a beta of 0.87. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16.
Insiders Place Their Bets
In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were 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 directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 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 insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Citigroup raised their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $782.50.
Check Out Our Latest Report on Curtiss-Wright
Curtiss-Wright Company Profile
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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