2,592 Shares in Curtiss-Wright Corporation $CW Acquired by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors acquired 2,592 Curtiss-Wright shares worth approximately $1.96 million during the second quarter. Institutional investors collectively own 82.71% of the company.
• Curtiss-Wright insiders sold 3,119 shares valued at roughly $2.26 million over the past quarter, including sales by the CEO and a vice president under pre-arranged Rule 10b5-1 plans.
• The stock opened at $693.26, down 0.9%, while analysts maintain a “Moderate Buy” consensus with a $782.50 target price. The company recently beat quarterly EPS estimates, reporting $3.72 versus the $3.62 consensus.

Pallas Capital Advisors LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,592 shares of the aerospace company's stock, valued at approximately $1,964,000.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC grew its stake in Curtiss-Wright by 75.8% in the 4th quarter. CWM LLC now owns 18,425 shares of the aerospace company's stock valued at $10,157,000 after buying an additional 7,944 shares during the last quarter. Pacer Advisors Inc. lifted its position in Curtiss-Wright by 114.8% during the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company's stock worth $5,931,000 after acquiring an additional 5,749 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Curtiss-Wright during the fourth quarter worth approximately $1,104,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Curtiss-Wright by 39,282.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company's stock worth $35,605,000 after acquiring an additional 64,423 shares during the period. Finally, Catalyst Funds Management Pty Ltd grew its position 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 purchasing an additional 3,132 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the company's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company'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. This 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. Over the last quarter, insiders have sold 3,119 shares of company stock worth $2,257,998. Company insiders own 0.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CW shares. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Citigroup upped their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a report on Wednesday, July 1st. Weiss Ratings cut Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 7th. Wall Street Zen cut Curtiss-Wright from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Stifel Nicolaus lifted their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and a consensus target price of $782.50.

Curtiss-Wright Trading Down 0.9%

Shares of NYSE:CW opened at $693.26 on Tuesday. The business's 50 day simple moving average is $741.07 and its 200 day simple moving average is $716.25. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The company has a market capitalization of $25.60 billion, a P/E ratio of 47.71, a P/E/G ratio of 3.15 and a beta of 0.87.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $924.01 million during the quarter, compared to analysts' expectations of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.23 EPS. On average, research analysts anticipate that Curtiss-Wright Corporation will post 15.28 EPS 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.

Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corporation (NYSE:CW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source