8,267 Shares in Curtiss-Wright Corporation $CW Bought by Element Capital Management LLC

Key Points

• Element Capital Management LLC acquired 8,267 shares of Curtiss-Wright Corporation, valued at approximately $2.6 million, during the first quarter, reflecting growing institutional interest in the aerospace company.
• Curtiss-Wright reported an earnings per share (EPS) of $3.23 for the last quarter, exceeding analysts' estimates and showcasing a revenue increase of 11.7% compared to the previous year.
• The stock currently maintains a moderate buy consensus rating among analysts, with an average price target of $468.14 as recent price targets have been raised by various financial firms.

Element Capital Management LLC purchased a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,267 shares of the aerospace company's stock, valued at approximately $2,623,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CW. Whipplewood Advisors LLC raised its holdings in shares of Curtiss-Wright by 1,566.7% in the first 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 shares of Curtiss-Wright in the fourth quarter worth approximately $35,000. Private Trust Co. NA raised its holdings in shares of Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after buying an additional 138 shares during the period. Ancora Advisors LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth approximately $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Curtiss-Wright by 165.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after buying an additional 124 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Citigroup increased 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. Truist Financial dropped their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Robert W. Baird increased their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus increased their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

Curtiss-Wright Stock Up 0.2%

NYSE CW traded up $0.99 during midday trading on Wednesday, hitting $480.74. 110,265 shares of the company traded hands, compared to its average volume of 318,330. 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 company has a market cap of $18.11 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 3.02 and a beta of 1.18. The company's 50-day simple moving average is $483.75 and its 200-day simple moving average is $397.69. 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 announced its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.67 EPS. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was 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. This trade represents a 29.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John C. Watts sold 450 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the sale, the vice president directly owned 4,959 shares of the company's stock, valued at $2,228,376.24. The trade was a 8.32% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Company Profile

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.