Curtiss-Wright Corporation $CW Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,241 shares of the aerospace company's stock after selling 1,297 shares during the period. Citigroup Inc. owned 0.13% of Curtiss-Wright worth $15,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ascent Group LLC increased its stake in Curtiss-Wright by 4.9% during the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock worth $253,000 after purchasing an additional 33 shares during the period. Baird Financial Group Inc. lifted its holdings in Curtiss-Wright by 1.6% during the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after buying an additional 34 shares in the last quarter. Portside Wealth Group LLC lifted its holdings in Curtiss-Wright by 1.6% during the 1st quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock worth $680,000 after buying an additional 34 shares in the last quarter. GeoWealth Management LLC lifted its holdings in Curtiss-Wright by 15.6% during the 4th quarter. GeoWealth Management LLC now owns 318 shares of the aerospace company's stock worth $113,000 after buying an additional 43 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in Curtiss-Wright by 4.7% during the 4th quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock worth $337,000 after buying an additional 43 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent research reports. Morgan Stanley lifted their target price on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Robert W. Baird lifted their target price on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Citigroup upped their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Finally, Truist Financial cut their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and an average price target of $468.14.

Insiders Place Their Bets

In related news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction 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 transaction, the director directly owned 4,523 shares of the company's stock, valued at $2,026,304. This trade represents a 29.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John C. Watts sold 450 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the sale, the vice president directly owned 4,959 shares of the company's stock, valued at $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Up 0.5%

Curtiss-Wright stock traded up $2.67 during mid-day trading on Monday, hitting $490.04. The company had a trading volume of 95,805 shares, compared to its average volume of 318,949. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 2.99 and a beta of 1.18. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year 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 business has a fifty day moving average of $482.66 and a 200 day moving average of $396.10.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million for the quarter, compared to the consensus estimate 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 was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $2.67 EPS. On average, sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

About Curtiss-Wright

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.