Tribune Investment Group LP Takes $4.44 Million Position in Curtiss-Wright Corporation $CW

Key Points

• Tribune Investment Group LP acquired 14,000 shares of Curtiss-Wright Corporation, valued at approximately $4.4 million, making it the fund's 26th largest holding.
• Curtiss-Wright's recent earnings report indicated EPS of $3.23, exceeding estimates, and the company saw a 11.7% year-over-year revenue increase to $876.58 million.
• Several analysts have raised their price targets for Curtiss-Wright, with Morgan Stanley setting a target of $550, reflecting growing confidence in the stock's performance.

Tribune Investment Group LP acquired a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 14,000 shares of the aerospace company's stock, valued at approximately $4,442,000. Curtiss-Wright accounts for approximately 1.9% of Tribune Investment Group LP's investment portfolio, making the stock its 26th largest holding.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Curtiss-Wright by 23.3% in the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock worth $175,417,000 after acquiring an additional 104,393 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Curtiss-Wright by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock worth $110,769,000 after buying an additional 5,007 shares in the last quarter. Northern Trust Corp lifted its holdings in Curtiss-Wright by 21.4% during the 4th quarter. Northern Trust Corp now owns 329,918 shares of the aerospace company's stock worth $117,078,000 after buying an additional 58,207 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in Curtiss-Wright by 3.0% during the 4th quarter. Driehaus Capital Management LLC now owns 291,582 shares of the aerospace company's stock worth $103,474,000 after buying an additional 8,447 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Curtiss-Wright by 44,878.7% in the 1st quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock valued at $82,340,000 after purchasing an additional 258,950 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Truist Financial cut their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Citigroup increased their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Morgan Stanley increased their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Robert W. Baird upped their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $468.14.

Curtiss-Wright Trading Down 0.9%

Shares of CW traded down $4.4990 during trading hours on Friday, reaching $479.8510. The stock had a trading volume of 226,319 shares, compared to its average volume of 356,943. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $517.09. The firm has a 50-day moving average of $484.26 and a 200 day moving average of $400.48. The company has a market cap of $18.08 billion, a P/E ratio of 40.49, a P/E/G ratio of 2.95 and a beta of 1.18.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. The business had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.67 EPS. On average, sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John C. Watts sold 1,110 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,460 shares of company stock valued at $1,586,767. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Company Profile

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.