Aigen Investment Management LP Purchases Shares of 951 Curtiss-Wright Corporation $CW

Key Points

• Aigen Investment Management LP acquired 951 shares of Curtiss-Wright Corporation, valued at approximately $302,000, during the first quarter, contributing to a trend of increased investor interest in the aerospace company.
• Analysts have set new price targets for Curtiss-Wright, with Morgan Stanley raising its price objective from $405.00 to $550.00, reflecting a bullish outlook on the company's performance.
• Curtiss-Wright reported earnings of $3.23 per share for the latest quarter, beating estimates and showing an 11.7% increase in revenue year-over-year, indicating strong financial growth.

Aigen Investment Management LP bought a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 951 shares of the aerospace company's stock, valued at approximately $302,000.

A number of other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after acquiring an additional 104,393 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Curtiss-Wright by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock worth $110,769,000 after buying an additional 5,007 shares during the period. Northern Trust Corp boosted its position in 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 buying an additional 58,207 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Curtiss-Wright by 3.0% in the 4th quarter. Driehaus Capital Management LLC now owns 291,582 shares of the aerospace company's stock worth $103,474,000 after buying an additional 8,447 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Curtiss-Wright by 44,878.7% during the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock valued at $82,340,000 after purchasing an additional 258,950 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

CW has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Stifel Nicolaus increased their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Truist Financial cut their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Citigroup raised their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and an average price target of $468.14.

Curtiss-Wright Stock Performance

Shares of CW traded up $3.39 during mid-day trading on Monday, hitting $490.76. The stock had a trading volume of 112,483 shares, compared to its average volume of 318,991. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $517.09. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The company has a market cap of $18.49 billion, a PE ratio of 41.41, a PEG ratio of 2.99 and a beta of 1.18. The company's fifty day simple moving average is $482.66 and its two-hundred day simple moving average is $396.10.

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 for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%. The business had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. During the same period in the prior year, the firm earned $2.67 EPS. The business's quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 450 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the completion of the transaction, the vice president directly owned 4,959 shares in the company, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

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.