Redwood Investment Management LLC Invests $1.32 Million in Curtiss-Wright Corporation $CW

Key Points

• Redwood Investment Management LLC acquired 4,153 shares of Curtiss-Wright Corporation, valued at approximately $1.32 million, during the first quarter.
• Notable institutional investors, including GAMMA Investing LLC and Nuveen LLC, significantly increased their positions in Curtiss-Wright, demonstrating strong confidence in the company's prospects.
• Curtiss-Wright reported earnings of $3.23 per share for the last quarter, exceeding estimates and reflecting an 11.7% increase in revenue year-over-year.

Redwood Investment Management LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,153 shares of the aerospace company's stock, valued at approximately $1,318,000.

Other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its stake in Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after buying an additional 94 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $35,000. Private Trust Co. NA increased its position in shares of Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 138 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $49,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CW shares. Truist Financial dropped their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Citigroup increased their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Morgan Stanley increased their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Robert W. Baird increased their target price 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $468.14.

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director owned 4,523 shares of the company's stock, valued at $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Performance

Shares of CW stock traded down $8.30 during mid-day trading on Friday, hitting $477.59. The stock had a trading volume of 166,637 shares, compared to its average volume of 337,324. The company's 50-day simple moving average is $486.07 and its 200-day simple moving average is $404.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The firm has a market cap of $18.00 billion, a PE ratio of 40.30, a PEG ratio of 2.98 and a beta of 1.18. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same quarter last year, the firm posted $2.67 EPS. The business's revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate 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.