Compass Financial Management LLC Takes $1.36 Million Position in Curtiss-Wright Corporation $CW

Key Points

• Compass Financial Management purchased 1,789 Curtiss-Wright shares valued at approximately $1.36 million, while institutional investors collectively own 82.71% of the company.
• Curtiss-Wright reported quarterly EPS of $3.72, beating estimates of $3.62, while revenue rose 5.4% year over year to $924.01 million. Analysts expect full-year EPS of $15.28.
• The stock was trading at $634.55, down 2.1%, and remains below its 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with an average price target of $782.50, although insiders have sold $2.26 million of shares in the past 90 days.

Compass Financial Management LLC purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,789 shares of the aerospace company's stock, valued at approximately $1,356,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CW. Quantbot Technologies LP purchased a new stake in Curtiss-Wright in the 2nd quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $31,000. Larson Financial Group LLC boosted its stake in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock worth $33,000 after buying an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company's stock valued at $40,000 after acquiring an additional 15 shares in the last quarter. Finally, Signature Equity Partners LLC grew its holdings in shares of Curtiss-Wright by 140.0% in the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 35 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the sale, the vice president owned 2,172 shares of the company's stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of 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 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 have sold 3,119 shares of company stock valued at $2,257,998 in the last 90 days. Insiders own 0.51% of the company's stock.

Curtiss-Wright Trading Down 2.1%

NYSE:CW opened at $634.55 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The stock 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 firm's 50 day moving average is $734.68 and its 200 day moving average is $715.90. 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 posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the prior year, the business earned $3.23 earnings per share. Curtiss-Wright's revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright Corporation will post 15.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research analyst reports. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Wall Street Zen downgraded Curtiss-Wright from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Citigroup raised their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Stifel Nicolaus lifted their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research note on Monday, July 20th. Finally, Weiss Ratings downgraded shares of Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and an average target price of $782.50.

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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