1,529 Shares in Curtiss-Wright Corporation $CW Acquired by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. has acquired a new position in Curtiss-Wright Corporation, purchasing 1,529 shares valued at approximately $485,000.
• In the first quarter, institutional investors increased their stakes in Curtiss-Wright, with notable investments from Tribune Investment Group LP and Hsbc Holdings PLC.
• Curtiss-Wright reported a quarterly earnings per share of $3.23, exceeding expectations and showing an 11.7% increase in revenue compared to the previous year.

1832 Asset Management L.P. purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,529 shares of the aerospace company's stock, valued at approximately $485,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in 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 valued at $175,417,000 after buying an additional 104,393 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Curtiss-Wright by 1.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock valued at $110,769,000 after acquiring an additional 5,007 shares during the last quarter. Northern Trust Corp raised its position in shares of Curtiss-Wright by 21.4% in the 4th quarter. Northern Trust Corp now owns 329,918 shares of the aerospace company's stock valued at $117,078,000 after acquiring an additional 58,207 shares during the period. Driehaus Capital Management LLC boosted its stake 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 acquiring an additional 8,447 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings 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 buying an additional 258,950 shares during the period. Institutional investors own 82.71% of the company's stock.

Insider Transactions at Curtiss-Wright

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

Analyst Ratings Changes

A number of analysts recently issued reports on CW shares. Stifel Nicolaus increased their target price on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Truist Financial decreased their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Robert W. Baird boosted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Citigroup upped their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Morgan Stanley raised their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Price Performance

NYSE CW traded down $8.30 on Friday, hitting $477.59. 166,637 shares of the company's stock were exchanged, compared to its average volume of 337,324. The stock has a 50-day moving average of $486.07 and a 200-day moving average of $404.71. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 2.98 and a beta of 1.18. The company has a current ratio of 1.95, a quick ratio of 1.35 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.

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

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.