Csenge Advisory Group Buys New Stake in Curtiss-Wright Corporation $CW

Key Points

• Csenge Advisory Group established a new Curtiss-Wright position in the second quarter, purchasing 1,773 shares valued at approximately $1.34 million. Institutional investors collectively own 82.71% of the company.
• Curtiss-Wright exceeded quarterly earnings expectations, reporting $3.72 in EPS versus the $3.62 consensus estimate, while revenue rose 5.4% year over year to $924.01 million.
• Analyst sentiment remains cautiously positive, with a “Moderate Buy” consensus rating and an average price target of $782.50; shares recently opened at $673.19, below their 50-day and 200-day moving averages.

Csenge Advisory Group bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,773 shares of the aerospace company's stock, valued at approximately $1,344,000.

A number of other hedge funds also recently bought and sold shares of the company. NewEdge Wealth LLC acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $228,000. Great Lakes Advisors LLC acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth about $1,159,000. Danske Bank A S acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth about $19,274,000. Diversify Advisory Services LLC bought a new stake in Curtiss-Wright during the 2nd quarter valued at approximately $5,325,000. Finally, Wealthfront Advisers LLC acquired a new stake in Curtiss-Wright in the 2nd quarter valued at approximately $292,000. 82.71% of the stock is currently owned by institutional investors.

Insider Transactions at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the sale, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the company's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,119 shares of company stock valued at $2,257,998. Company insiders own 0.51% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $673.19 on Thursday. The business's 50 day moving average is $739.32 and its 200-day moving average is $716.52. 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 firm has a market capitalization of $24.86 billion, a PE ratio of 46.33, a PEG ratio of 3.14 and a beta of 0.87. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.23 earnings per share. Sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.

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