William Blair Investment Management LLC Makes New $240.44 Million Investment in Curtiss-Wright Corporation $CW

William Blair Investment Management LLC acquired a new position in shares of Curtiss-Wright Corporation (NYSE:CWFree Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 317,306 shares of the aerospace company’s stock, valued at approximately $240,442,000. Curtiss-Wright makes up about 0.7% of William Blair Investment Management LLC’s portfolio, making the stock its 26th largest position. William Blair Investment Management LLC owned approximately 0.86% of Curtiss-Wright as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new stake in Curtiss-Wright in the fourth quarter worth $31,000. Larson Financial Group LLC lifted its position in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares during the last quarter. Signature Equity Partners LLC grew its stake in shares of Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after buying an additional 35 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Curtiss-Wright by 237.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock worth $41,000 after buying an additional 38 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $634.55 on Friday. The company has a market capitalization of $23.43 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 2.92 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 50-day moving average is $734.68 and its 200 day moving average is $715.90. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.

Curtiss-Wright (NYSE:CWGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.23 EPS. Research analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CW. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research note on Wednesday, August 12th. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Finally, Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $782.50.

Check Out Our Latest Stock Analysis on Curtiss-Wright

Insider Transactions at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares in the company, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This trade represents a 15.52% 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. Over the last three months, insiders have sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is currently owned by company insiders.

Curtiss-Wright Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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