1,749 Shares in Curtiss-Wright Corporation $CW Purchased by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions purchased 1,749 Curtiss-Wright shares worth approximately $1.325 million in the second quarter. Institutional investors collectively own 82.71% of the company.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $782.50, although some firms recently raised targets while Wall Street Zen downgraded the stock to “Hold.”
• Curtiss-Wright’s latest quarterly results topped expectations, with adjusted EPS of $3.72 versus the $3.62 estimate and revenue up 5.4% year over year to $924.01 million. Meanwhile, insiders sold 3,119 shares worth about $2.26 million over the past 90 days.

Focus Partners Advisor Solutions LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,749 shares of the aerospace company's stock, valued at approximately $1,325,000.

Other large investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at $31,000. Larson Financial Group LLC increased its stake in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock valued at $33,000 after purchasing an additional 21 shares during the period. Transamerica Financial Advisors LLC increased its stake in shares of Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company's stock valued at $40,000 after purchasing an additional 15 shares during the period. Signature Equity Partners LLC raised its holdings in shares of Curtiss-Wright by 140.0% during the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company's stock valued at $41,000 after buying an additional 35 shares during the last quarter. Finally, Elevation Wealth Partners LLC raised its holdings in shares of Curtiss-Wright by 237.5% during the second quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company's stock valued at $41,000 after buying an additional 38 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating and issued 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 company a "hold" rating in a research note on Monday, July 20th. Wall Street Zen lowered Curtiss-Wright from a "buy" rating to a "hold" rating in a research report on Saturday. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price of $782.50.

Insider Buying and Selling at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 399 shares of the business's stock in a transaction 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 sale, the vice president owned 2,172 shares of the company's stock, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the sale, the executive vice president owned 3,962 shares of the company's stock, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is owned by corporate insiders.

Curtiss-Wright Trading Down 0.1%

Shares of NYSE:CW opened at $698.64 on Monday. The company has a 50 day moving average of $741.61 and a 200-day moving average of $716.01. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The firm has a market cap of $25.80 billion, a P/E ratio of 48.08, a P/E/G ratio of 3.15 and a beta of 0.87. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating analysts' consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same quarter last year, the business earned $3.23 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts anticipate that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

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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