Rice Hall James & Associates LLC bought a new position in Curtiss-Wright Corporation (NYSE:CW – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,541 shares of the aerospace company’s stock, valued at approximately $1,168,000.
Several other hedge funds also recently modified their holdings of CW. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at $31,000. Larson Financial Group LLC boosted its holdings in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC increased 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 worth $40,000 after buying an additional 15 shares during the last quarter. Signature Equity Partners LLC increased its position in 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 buying an additional 35 shares during the last quarter. Finally, Elevation Wealth Partners LLC raised its holdings in Curtiss-Wright by 237.5% during the second quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock valued at $41,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.
Wall Street Analyst Weigh In
CW has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research report on Wednesday, August 12th. Stifel Nicolaus raised their price objective on 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 restated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $782.50.
Insider Activity at Curtiss-Wright
In other news, 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 completion of the transaction, the chief executive officer directly 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 sale 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 shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the sale, the executive vice president directly owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock worth $2,257,998 in the last 90 days. 0.51% of the stock is owned by company insiders.
Curtiss-Wright Stock Down 0.3%
Curtiss-Wright stock opened at $693.97 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. 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 fifty day moving average price of $740.29 and a two-hundred day moving average price of $716.46. The firm has a market cap of $25.63 billion, a price-to-earnings ratio of 47.76, a P/E/G ratio of 3.15 and a beta of 0.87.
Curtiss-Wright (NYSE:CW – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. The company had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $3.23 earnings per share. As a group, analysts forecast that Curtiss-Wright Corporation will post 15.28 earnings per share 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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