Public Employees Retirement System of Ohio bought a new position in Curtiss-Wright Corporation (NYSE:CW – Free Report) during the second quarter, Holdings Channel.com reports. The firm bought 11,950 shares of the aerospace company’s stock, valued at approximately $9,055,000.
Several other institutional investors also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in Curtiss-Wright during the second quarter worth $30,000. Fiduciary Financial Advisors purchased a new stake in shares of Curtiss-Wright during the 2nd quarter valued at $31,000. Elevation Wealth Partners LLC increased its position in shares of Curtiss-Wright by 237.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 38 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright during the 4th quarter worth $31,000. Finally, Signature Equity Partners LLC raised its stake in shares of Curtiss-Wright by 140.0% during the 1st 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 period. 82.71% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Citigroup increased their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $782.50.
Insider Buying and Selling at Curtiss-Wright
In related news, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares in the company, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry D. Wyche sold 100 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the transaction, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,034 shares of company stock worth $2,793,173. 0.51% of the stock is currently owned by company insiders.
Curtiss-Wright Trading Down 2.6%
Shares of CW opened at $581.04 on Tuesday. The business has a 50-day moving average of $714.20 and a 200 day moving average of $714.58. Curtiss-Wright Corporation has a fifty-two week low of $465.51 and a fifty-two week high of $808.16. The firm has a market cap of $21.46 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 2.69 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60.
Curtiss-Wright (NYSE:CW – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. The business had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.23 EPS. As a group, research analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current year.
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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