Corient IA LLC Acquires Shares of 2,000 Curtiss-Wright Corporation $CW

Key Points

• Corient IA LLC has invested approximately $635,000 in Curtiss-Wright Corporation by acquiring 2,000 shares of the company during the 1st quarter.
• Institutional ownership of Curtiss-Wright is significant, with 82.71% of the stock held by institutional investors and hedge funds, following various notable changes in positions by firms like Barclays and NewEdge Advisors.
• Curtiss-Wright reported impressive earnings, with $3.23 earnings per share for the latest quarter, exceeding analysts' expectations and reflecting an 11.7% year-over-year revenue growth.

Corient IA LLC purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,000 shares of the aerospace company's stock, valued at approximately $635,000.

Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in shares of Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares during the period. Minot DeBlois Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter worth about $35,000. Private Trust Co. NA lifted its stake in Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after acquiring an additional 138 shares in the last quarter. Ancora Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter worth about $49,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Curtiss-Wright by 165.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after acquiring an additional 124 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 0.8%

Shares of NYSE CW traded up $3.6850 during midday trading on Thursday, hitting $484.1850. 138,031 shares of the company's stock were exchanged, compared to its average volume of 317,795. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $517.09. The company has a market cap of $18.24 billion, a PE ratio of 40.86, a P/E/G ratio of 2.94 and a beta of 1.18. The firm's fifty day simple moving average is $483.94 and its 200-day simple moving average is $398.26.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. During the same quarter last year, the company earned $2.67 EPS. The business's quarterly revenue was up 11.7% on a year-over-year basis. Research analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Insider Activity

In other news, VP John C. Watts sold 450 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the sale, the vice president owned 4,959 shares of the company's stock, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director directly owned 4,523 shares in the company, valued at $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CW. Morgan Stanley increased their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Citigroup increased their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Robert W. Baird increased their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Truist Financial decreased their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Finally, Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Profile

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.