Sanctuary Advisors LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,626 shares of the aerospace company’s stock, valued at approximately $5,021,000.
Several other large investors have also recently bought and sold shares of CW. Quantbot Technologies LP acquired a new stake in Curtiss-Wright in the 2nd quarter valued at about $30,000. Elevation Wealth Partners LLC raised its stake in Curtiss-Wright by 237.5% in 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 during the period. Cary Street Partners Investment Advisory LLC bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Signature Equity Partners LLC lifted its position in shares of Curtiss-Wright by 140.0% in the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after buying an additional 35 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction 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 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 SEC, 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 Curtiss-Wright stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the sale, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. 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 sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Curtiss-Wright
Curtiss-Wright Trading Down 3.2%
Shares of CW stock opened at $614.51 on Tuesday. The firm has a market capitalization of $22.69 billion, a P/E ratio of 42.29, a P/E/G ratio of 2.86 and a beta of 0.87. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $731.72 and its 200 day simple moving average is $715.86.
Curtiss-Wright (NYSE:CW – Get Free Report) last released 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 firm had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.23 earnings per share. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal 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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