Capstone Investment Advisors LLC Purchases Shares of 8,259 Curtiss-Wright Corporation $CW

Key Points

• Capstone Investment Advisors purchased 8,259 Curtiss-Wright shares in the second quarter, valued at approximately $6.26 million. Institutional investors and hedge funds collectively own 82.71% of the company.
• Curtiss-Wright reported quarterly EPS of $3.72, exceeding analyst expectations of $3.62, while revenue rose 5.4% year over year to $924.01 million.
• The stock opened at $605.70, down 2.2%, while analysts maintained a “Moderate Buy” consensus with an average price target of $782.50. Recent insider transactions included share sales by the CEO and an executive vice president.

Capstone Investment Advisors LLC purchased a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,259 shares of the aerospace company's stock, valued at approximately $6,258,000.

Several other institutional investors and hedge funds have also made changes to their positions in CW. Proficio Capital Partners LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $944,000. Pure Financial Advisors LLC purchased a new stake in Curtiss-Wright during the 2nd quarter valued at about $306,000. Transamerica Financial Advisors LLC acquired a new position in shares of Curtiss-Wright in the second quarter valued at about $71,000. Corient Private Wealth LP acquired a new position in shares of Curtiss-Wright in the second quarter valued at about $20,040,000. Finally, Ausdal Financial Partners Inc. purchased a new position in shares of Curtiss-Wright in the second quarter worth about $333,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Down 2.2%

Shares of CW stock opened at $605.70 on Friday. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The stock has a market cap of $22.37 billion, a P/E ratio of 41.69, a P/E/G ratio of 2.79 and a beta of 0.87. The stock has a 50 day moving average of $721.95 and a 200 day moving average of $715.43. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.

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

Wall Street Analysts Forecast Growth

CW has been the topic of a number of recent research reports. Morgan Stanley reiterated an "overweight" rating and issued a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a "hold" rating in a report on Monday, July 20th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $782.50.

Insider Activity

In related news, CEO Lynn M. Bamford sold 2,500 shares of the company's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the transaction, the chief executive officer owned 48,134 shares of the company's stock, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 1,035 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the transaction, the executive vice president owned 2,736 shares in the company, valued at $1,694,842.56. This represents a 27.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,934 shares of company stock worth $2,733,499 in the last ninety days. Company insiders own 0.51% of the company's stock.

About Curtiss-Wright

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.