11,749 Shares in Curtiss-Wright Corporation $CW Purchased by Freestone Grove Partners LP

Key Points

• Freestone Grove Partners purchased 11,749 Curtiss-Wright shares worth approximately $8.9 million in the second quarter. Institutional investors collectively own 82.71% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $782.50, despite some firms maintaining Hold ratings.
• Curtiss-Wright’s latest quarterly results beat earnings expectations, reporting $3.72 in EPS versus $3.62 forecast, while revenue rose 5.4% year over year to $924.01 million. Shares recently opened at $597.28, down 1.4%.

Freestone Grove Partners LP bought a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,749 shares of the aerospace company's stock, valued at approximately $8,903,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Curtiss-Wright in the second quarter worth $3,448,649,000. Pacer Advisors Inc. lifted its holdings in Curtiss-Wright by 114.8% during the 4th 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $1,104,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Curtiss-Wright by 39,282.3% in the fourth 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 during the period. Finally, Catalyst Funds Management Pty Ltd increased its stake in shares of Curtiss-Wright by 72.8% in 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 buying an additional 3,132 shares during the period. Institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 1st. Morgan Stanley reissued an "overweight" rating and set a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Wall Street Zen downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised shares of Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $782.50.

Curtiss-Wright Stock Down 1.4%

Shares of NYSE CW opened at $597.28 on Friday. 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 firm has a market cap of $22.06 billion, a PE ratio of 41.11, a P/E/G ratio of 2.73 and a beta of 0.87. The company's fifty day simple moving average is $718.27 and its 200 day simple moving average is $714.61. Curtiss-Wright Corporation has a 12-month low of $465.51 and a 12-month high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share 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 firm had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same period in the previous year, the firm posted $3.23 earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Insider Activity at Curtiss-Wright

In related news, EVP John C. Watts sold 1,035 shares of the business's stock in a transaction dated 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. The trade was a 27.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gary A. Ogilby sold 399 shares of the company's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,934 shares of company stock valued at $2,733,499 in the last three months. Corporate insiders own 0.51% of the company's stock.

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.

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