Legal & General Group Plc acquired a new position in Curtiss-Wright Corporation (NYSE:CW – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 136,358 shares of the aerospace company’s stock, valued at approximately $103,327,000. Legal & General Group Plc owned approximately 0.37% of Curtiss-Wright at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CW. Quantbot Technologies LP bought a new position in Curtiss-Wright during the second quarter valued at about $30,000. Fiduciary Financial Advisors bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $31,000. Elevation Wealth Partners LLC boosted its stake 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 worth $41,000 after acquiring an additional 38 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at about $31,000. Finally, Signature Equity Partners LLC increased its holdings 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 valued at $41,000 after acquiring an additional 35 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.
Curtiss-Wright Trading Down 2.2%
Curtiss-Wright stock opened at $605.70 on Friday. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The firm has a market capitalization of $22.37 billion, a PE ratio of 41.69, a PEG ratio of 2.79 and a beta of 0.87. The business’s 50-day simple moving average is $721.95 and its 200-day simple moving average is $715.43.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on CW. 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. Stifel Nicolaus increased their price target on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Wall Street Zen lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $782.50.
Check Out Our Latest Stock Report on CW
Insider Transactions at Curtiss-Wright
In other news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction on Tuesday, June 9th. The stock was 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 owned 2,172 shares in the company, valued at approximately $1,568,075.40. The trade was 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. Insiders sold a total of 3,934 shares of company stock worth $2,733,499 over the last three months. 0.51% of the stock is currently owned by insiders.
About Curtiss-Wright
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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