Compass Financial Management LLC Makes New $1.36 Million Investment in Curtiss-Wright Corporation $CW

Key Points

• Compass Financial Management purchased 1,789 Curtiss-Wright shares worth approximately $1.36 million, while institutional investors collectively own 82.71% of the company.
• Curtiss-Wright insiders sold 4,034 shares valued at about $2.79 million over the past 90 days, including sales by CEO Lynn Bamford and EVP John Watts.
• The company exceeded quarterly earnings expectations with EPS of $3.72 versus the $3.62 consensus, while revenue rose 5.4% year over year. Analysts maintain an overall “Hold” rating with an average price target of $765.71.

Compass Financial Management LLC purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,789 shares of the aerospace company's stock, valued at approximately $1,356,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $30,000. Quantbot Technologies LP acquired a new stake in Curtiss-Wright in the 2nd quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Fiduciary Financial Advisors purchased a new stake in Curtiss-Wright in the second quarter valued at approximately $31,000. Finally, Larson Financial Group LLC lifted its stake in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock worth $33,000 after purchasing an additional 21 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 Curtiss-Wright news, CEO Lynn 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 transaction of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Watts sold 1,035 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the sale, the executive vice president directly owned 2,736 shares in the company, valued at $1,694,842.56. This represents a 27.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,034 shares of company stock valued at $2,793,173. Company insiders own 0.51% of the company's stock.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $566.24 on Friday. The firm has a 50 day moving average of $698.81 and a two-hundred day moving average of $711.54. The stock has a market capitalization of $20.91 billion, a PE ratio of 38.97, a P/E/G ratio of 2.56 and a beta of 0.84. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data 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. 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 company's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.23 earnings per share. On average, research analysts predict that Curtiss-Wright Corporation will post 15.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on CW shares. Weiss Ratings upgraded Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Citigroup increased their target price on Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 1st. Morgan Stanley restated an "overweight" rating and set a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research note on Monday, July 20th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $765.71.

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.

Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corporation (NYSE:CW - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source