Curtiss-Wright Corporation $CW Shares Sold by American Century Companies Inc.

Key Points

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American Century Companies Inc. reduced its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 35.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 281,004 shares of the aerospace company's stock after selling 156,252 shares during the period. American Century Companies Inc. owned about 0.75% of Curtiss-Wright worth $89,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ethic Inc. boosted its position in shares of Curtiss-Wright by 2.0% during the first quarter. Ethic Inc. now owns 8,150 shares of the aerospace company's stock worth $2,628,000 after buying an additional 159 shares during the period. Element Capital Management LLC purchased a new position in shares of Curtiss-Wright during the first quarter worth $2,623,000. Fox Run Management L.L.C. boosted its position in shares of Curtiss-Wright by 320.4% during the first quarter. Fox Run Management L.L.C. now owns 4,755 shares of the aerospace company's stock worth $1,509,000 after buying an additional 3,624 shares during the period. Sei Investments Co. boosted its position in shares of Curtiss-Wright by 18.7% during the first quarter. Sei Investments Co. now owns 99,723 shares of the aerospace company's stock worth $34,114,000 after buying an additional 15,695 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Curtiss-Wright by 13.0% during the first quarter. Russell Investments Group Ltd. now owns 20,930 shares of the aerospace company's stock worth $6,641,000 after buying an additional 2,415 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Down 0.9%

Curtiss-Wright stock traded down $4.4990 during midday trading on Friday, reaching $479.8510. The company's stock had a trading volume of 106,444 shares, compared to its average volume of 316,404. 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 $18.08 billion, a P/E ratio of 40.49, a P/E/G ratio of 2.94 and a beta of 1.18. The business has a 50-day simple moving average of $484.14 and a 200-day simple moving average of $399.21.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating 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 company had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. During the same period last year, the firm earned $2.67 earnings per share. Curtiss-Wright's quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Insider Transactions at Curtiss-Wright

In other news, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director owned 4,523 shares in the company, valued at approximately $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. This trade represents a 22.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,460 shares of company stock worth $1,586,767 in the last quarter. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CW. Robert W. Baird increased their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Citigroup increased their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. 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. Finally, Morgan Stanley increased their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

Curtiss-Wright 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.