Curtiss-Wright Corporation $CW Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its holdings in Curtiss-Wright Corporation (NYSE:CWFree Report) by 12.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,923 shares of the aerospace company’s stock after selling 1,893 shares during the quarter. HighTower Advisors LLC’s holdings in Curtiss-Wright were worth $10,550,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Curtiss-Wright during the second quarter worth approximately $3,448,649,000. Pacer Advisors Inc. boosted its holdings in shares of 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 buying an additional 5,749 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Curtiss-Wright by 39,282.3% in 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 buying an additional 64,423 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Curtiss-Wright by 96,633.6% in the 2nd quarter. California State Teachers Retirement System now owns 40,844,780 shares of the aerospace company’s stock valued at $30,950,540,000 after buying an additional 40,802,556 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd raised its stake in 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 worth $4,097,000 after acquiring an additional 3,132 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CW. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Stifel Nicolaus lifted their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Weiss Ratings downgraded Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $765.71.

Check Out Our Latest Research Report on CW

Insider Buying and Selling

In other news, EVP John C. Watts sold 1,035 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the sale, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. This trade represents a 27.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the sale, the director owned 1,414 shares in the company, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

NYSE CW opened at $565.01 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 52-week low of $481.70 and a 52-week high of $808.16. The business’s 50-day moving average price is $687.85 and its 200 day moving average price is $709.08. The firm has a market cap of $20.87 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.59 and a beta of 0.84.

Curtiss-Wright (NYSE:CWGet Free Report) last announced its quarterly earnings data 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. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same period in the previous year, the company posted $3.23 EPS. Curtiss-Wright’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that Curtiss-Wright Corporation will post 15.27 earnings per share for the current year.

About Curtiss-Wright

(Free Report)

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.

Further Reading

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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