Caisse de depot et placement du Quebec bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,178 shares of the aerospace company’s stock, valued at approximately $34,992,000. Caisse de depot et placement du Quebec owned about 0.13% of Curtiss-Wright at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Curtiss-Wright during the 2nd quarter valued at approximately $3,448,649,000. Pacer Advisors Inc. lifted its holdings in shares of Curtiss-Wright by 114.8% in the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock worth $5,931,000 after buying an additional 5,749 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Curtiss-Wright during the fourth quarter worth $1,104,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Curtiss-Wright by 39,282.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock worth $35,605,000 after acquiring an additional 64,423 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd grew its stake in Curtiss-Wright by 72.8% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock valued at $4,097,000 after acquiring an additional 3,132 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Citigroup lifted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research report on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $782.50.
Insider Buying and Selling at Curtiss-Wright
In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. The trade was a 4.94% 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. Insiders have sold 3,934 shares of company stock worth $2,733,499 over the last quarter. Insiders own 0.51% of the company’s stock.
Curtiss-Wright Stock Performance
Shares of NYSE:CW opened at $597.28 on Friday. The firm has a 50 day moving average of $718.27 and a 200 day moving average of $714.61. 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 company has a market capitalization of $22.06 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.73 and a beta of 0.87. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.62 by $0.10. The firm had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 EPS. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Curtiss-Wright
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.
