Balyasny Asset Management L.P. Invests $13.81 Million in Curtiss-Wright Co. (NYSE:CW)

Balyasny Asset Management L.P. acquired a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 38,915 shares of the aerospace company's stock, valued at approximately $13,810,000. Balyasny Asset Management L.P. owned approximately 0.10% of Curtiss-Wright as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter worth about $53,000. Tidal Investments LLC increased its stake in Curtiss-Wright by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock valued at $381,000 after buying an additional 29 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Curtiss-Wright in the 3rd quarter worth approximately $230,000. Nordea Investment Management AB grew its holdings in shares of Curtiss-Wright by 1.3% during the 4th quarter. Nordea Investment Management AB now owns 25,934 shares of the aerospace company's stock valued at $9,330,000 after acquiring an additional 335 shares in the last quarter. Finally, Clean Yield Group acquired a new position in shares of Curtiss-Wright in the fourth quarter worth $124,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded up $6.21 during midday trading on Friday, hitting $384.24. The company had a trading volume of 281,219 shares, compared to its average volume of 267,295. The stock has a market cap of $14.47 billion, a PE ratio of 36.42, a P/E/G ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a 1-year low of $258.85 and a 1-year high of $393.40. The business's 50 day simple moving average is $326.48 and its two-hundred day simple moving average is $345.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same quarter last year, the company earned $1.99 earnings per share. The firm's revenue was up 13.0% on a year-over-year basis. As a group, equities analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul J. Ferdenzi sold 658 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,642 shares of company stock worth $3,581,107 over the last 90 days. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

CW has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Truist Financial reduced their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Citigroup lowered their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus target price of $377.43.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.