Credit Agricole S A Buys 2,082 Shares of Curtiss-Wright Corporation $CW

Key Points

• Credit Agricole S A increased its stake in Curtiss-Wright Corporation by 6.1%, acquiring an additional 2,082 shares to own a total of 36,146 shares valued at approximately $11.47 million.
• Research analysts have set price targets for Curtiss-Wright, with Morgan Stanley increasing their target to $550.00 and Citigroup lifting theirs to $568.00, indicating positive market sentiment.
• Curtiss-Wright reported earnings of $3.23 per share for the last quarter, surpassing expectations and reflecting a year-over-year revenue growth of 11.7%.

Credit Agricole S A increased its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,146 shares of the aerospace company's stock after acquiring an additional 2,082 shares during the quarter. Credit Agricole S A owned about 0.10% of Curtiss-Wright worth $11,468,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CW. GAMMA Investing LLC raised its holdings in Curtiss-Wright by 44,878.7% in the 1st quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock worth $82,340,000 after acquiring an additional 258,950 shares during the period. Nuveen LLC bought a new position in Curtiss-Wright in the 1st quarter worth $70,357,000. Wedge Capital Management L L P NC bought a new position in Curtiss-Wright in the 1st quarter worth $55,639,000. Bank of New York Mellon Corp raised its holdings in Curtiss-Wright by 23.3% in the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock worth $175,417,000 after acquiring an additional 104,393 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Curtiss-Wright in the 4th quarter worth $34,368,000. Institutional investors own 82.71% of the company's stock.

Insider Activity

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director directly owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Watts sold 1,110 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,460 shares of company stock worth $1,586,767 over the last ninety days. Insiders own 0.55% of the company's stock.

Curtiss-Wright Price Performance

NYSE:CW traded up $10.46 during mid-day trading on Tuesday, hitting $489.37. The company's stock had a trading volume of 69,029 shares, compared to its average volume of 314,566. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $517.09. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 41.28, a P/E/G ratio of 2.95 and a beta of 1.18. The stock has a fifty day moving average of $484.45 and a 200-day moving average of $401.70.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CW shares. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Citigroup upped their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Morgan Stanley upped their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Truist Financial cut their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.