Curtiss-Wright Co. (NYSE:CW) Shares Purchased by Eagle Global Advisors LLC

Eagle Global Advisors LLC lifted its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 270.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,124 shares of the aerospace company's stock after purchasing an additional 26,368 shares during the period. Eagle Global Advisors LLC owned about 0.10% of Curtiss-Wright worth $12,819,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CW. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Ancora Advisors LLC purchased a new stake in Curtiss-Wright during the 4th quarter valued at approximately $49,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $53,000. UMB Bank n.a. lifted its position in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after acquiring an additional 64 shares during the period. Finally, Altshuler Shaham Ltd purchased a new position in shares of Curtiss-Wright in the 4th quarter valued at approximately $70,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

Shares of CW traded up $6.21 during trading hours on Friday, reaching $384.24. The company had a trading volume of 281,219 shares, compared to its average volume of 266,810. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $393.40. The firm has a 50 day simple moving average of $326.48 and a 200-day simple moving average of $345.29. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 2.48 and a beta of 1.04.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the sale, the chief financial officer now directly owns 9,253 shares in the company, valued at $3,238,550. This represents a 34.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kevin Rayment sold 1,003 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.73, for a total value of $326,707.19. Following the transaction, the chief operating officer now owns 25,863 shares of the company's stock, valued at $8,424,354.99. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is owned by corporate insiders.

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.