5,255 Shares in Curtiss-Wright Corporation $CW Bought by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management acquired 5,255 Curtiss-Wright shares in the second quarter, valued at approximately $3.98 million. Institutional investors collectively own 82.71% of the company.
• Curtiss-Wright reported quarterly EPS of $3.72, beating estimates of $3.62, while revenue rose 5.4% year over year to $924.01 million, slightly below expectations.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $782.50. The stock opened at $698.64, below its 52-week high of $808.16, while company insiders have sold shares under pre-arranged trading plans.

Oppenheimer Asset Management Inc. purchased a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,255 shares of the aerospace company's stock, valued at approximately $3,982,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Larson Financial Group LLC lifted its position in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company's stock valued at $40,000 after acquiring an additional 15 shares in the last quarter. Signature Equity Partners LLC boosted its stake in Curtiss-Wright by 140.0% during the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company's stock valued at $41,000 after purchasing an additional 35 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in Curtiss-Wright by 237.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company's stock worth $41,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CW. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research note on Wednesday. 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 report on Monday, July 20th. Weiss Ratings downgraded Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 7th. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Finally, Citigroup raised their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus target price of $782.50.

Curtiss-Wright Price Performance

CW opened at $698.64 on Friday. The firm has a market cap of $25.80 billion, a P/E ratio of 48.08, a PEG ratio of 3.15 and a beta of 0.87. The firm has a 50-day moving average of $741.61 and a 200 day moving average of $715.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. Curtiss-Wright Corporation has a fifty-two week low of $465.51 and a fifty-two week high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $3.23 earnings per share. The company's revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Insider Activity

In other 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 transaction, the chief executive officer owned 48,134 shares of the company's stock, valued at $34,739,270.48. This represents a 4.94% decrease in their position. The sale was disclosed in a filing 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 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 transaction, the vice president owned 2,172 shares of the company's stock, valued at $1,568,075.40. The trade was a 15.52% 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. Insiders have sold 3,119 shares of company stock valued at $2,257,998 in the last 90 days. Insiders own 0.51% of the company's stock.

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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