Pinnbrook Capital Management LP bought a new position in Curtiss-Wright Corporation (NYSE:CW – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,280 shares of the aerospace company’s stock, valued at approximately $2,485,000.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Curtiss-Wright during the second quarter worth $3,448,649,000. Pacer Advisors Inc. grew its stake in Curtiss-Wright by 114.8% in the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after purchasing an additional 5,749 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Curtiss-Wright in the 4th quarter valued at $1,104,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Curtiss-Wright by 39,282.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock valued at $35,605,000 after purchasing an additional 64,423 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd increased its position in shares of Curtiss-Wright by 72.8% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock valued at $4,097,000 after purchasing an additional 3,132 shares during the last quarter. 82.71% of the stock is owned by institutional investors.
Curtiss-Wright Stock Performance
Shares of CW opened at $634.55 on Friday. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The stock’s fifty day moving average price is $734.68 and its two-hundred day moving average price is $715.90. The firm has a market cap of $23.43 billion, a PE ratio of 43.67, a PEG ratio of 2.86 and a beta of 0.87.
Insider Buying and Selling at Curtiss-Wright
In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the stock in a transaction dated 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 owned 2,172 shares of the company’s stock, valued at $1,568,075.40. This represents a 15.52% decrease in their position. The SEC filing for this sale provides additional information. 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 over the last three months. 0.51% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CW shares. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $782.50.
Read Our Latest Stock Analysis on CW
Curtiss-Wright 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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