Bahl & Gaynor Inc. Sells 2,089 Shares of Curtiss-Wright Corporation $CW

Key Points

• Bahl & Gaynor Inc. has decreased its stake in Curtiss-Wright Corporation by 8.1%, selling 2,089 shares, resulting in ownership of approximately $7.47 million.
• Several hedge funds have increased their positions in Curtiss-Wright, notably NewEdge Advisors LLC, which lifted its position by 2,229.3% during the last quarter.
• Wall Street analysts are generally optimistic about Curtiss-Wright, with an average target price of $468.14 and multiple firms raising their price objectives recently.

Bahl & Gaynor Inc. decreased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,553 shares of the aerospace company's stock after selling 2,089 shares during the period. Bahl & Gaynor Inc. owned approximately 0.06% of Curtiss-Wright worth $7,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC lifted its stake in Curtiss-Wright by 605.0% during the first quarter. AlphaQuest LLC now owns 705 shares of the aerospace company's stock valued at $224,000 after buying an additional 605 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in Curtiss-Wright during the first quarter valued at about $485,000. Compound Planning Inc. lifted its stake in Curtiss-Wright by 10.2% during the first quarter. Compound Planning Inc. now owns 744 shares of the aerospace company's stock valued at $236,000 after buying an additional 69 shares in the last quarter. Tribune Investment Group LP purchased a new stake in Curtiss-Wright during the first quarter valued at about $4,442,000. Finally, Credit Agricole S A lifted its stake in Curtiss-Wright by 6.1% during the first quarter. Credit Agricole S A now owns 36,146 shares of the aerospace company's stock valued at $11,468,000 after buying an additional 2,082 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Robert W. Baird increased their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Finally, Citigroup increased their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average target price of $468.14.

Curtiss-Wright Stock Down 0.3%

CW traded down $1.70 during midday trading on Wednesday, hitting $489.40. 216,477 shares of the company's stock traded hands, compared to its average volume of 314,867. The company has a market cap of $18.44 billion, a PE ratio of 41.30, a price-to-earnings-growth ratio of 2.93 and a beta of 1.18. The stock's fifty day simple moving average is $484.84 and its 200-day simple moving average is $402.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.10. The firm had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company'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 earnings per share. As a group, equities analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

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.