Bank of New York Mellon Corp Acquires New Position in Curtiss-Wright Corporation $CW

Bank of New York Mellon Corp purchased a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 356,918 shares of the aerospace company's stock, valued at approximately $270,458,000. Bank of New York Mellon Corp owned approximately 0.97% of Curtiss-Wright as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Curtiss-Wright by 1.2% in the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company's stock valued at $780,091,000 after purchasing an additional 16,962 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Curtiss-Wright by 7.9% in the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company's stock valued at $671,231,000 after acquiring an additional 88,688 shares during the period. Geode Capital Management LLC raised its holdings in shares of Curtiss-Wright by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company's stock valued at $464,130,000 after buying an additional 47,287 shares during the last quarter. AQR Capital Management LLC raised its stake in Curtiss-Wright by 9.3% during the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company's stock valued at $293,972,000 after acquiring an additional 45,589 shares during the last quarter. Finally, Norges Bank purchased a new position in Curtiss-Wright during the 4th quarter worth $290,633,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares of the company's stock, valued at $2,983,029.42. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the transaction, the chief executive officer directly owned 48,134 shares of the company's stock, valued at $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock worth $2,257,998 in the last 90 days. 0.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on CW. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Citigroup raised their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a report on Wednesday, August 12th. Wall Street Zen downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Stifel Nicolaus raised their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $782.50.

Curtiss-Wright Trading Down 2.1%

NYSE:CW opened at $634.55 on Friday. The business's 50-day moving average is $734.68 and its two-hundred day moving average is $715.90. The firm has a market capitalization of $23.43 billion, a PE ratio of 43.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. Curtiss-Wright Corporation has a 12 month low of $465.51 and a 12 month high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm had revenue of $924.01 million during the quarter, compared to analysts' expectations of $926.17 million. During the same quarter in the prior year, the business earned $3.23 EPS. Curtiss-Wright's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Curtiss-Wright Company 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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