Systematic Financial Management LP Has $41 Million Stake in Curtiss-Wright Corporation $CW

Key Points

• Systematic Financial Management LP has trimmed its holdings in Curtiss-Wright Corporation by 8.0%, resulting in a total of 129,224 shares after selling 11,175 shares.
• Curtiss-Wright reported $3.23 EPS for the last quarter, exceeding analyst expectations of $3.13, along with revenue of $876.58 million, which was up 11.7% compared to the previous year.
• Wall Street analysts have a positive outlook on Curtiss-Wright's stock, with several firms increasing their price targets, resulting in an average rating of "Moderate Buy" and an average target price of $468.14.

Systematic Financial Management LP lessened its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,224 shares of the aerospace company's stock after selling 11,175 shares during the quarter. Curtiss-Wright accounts for approximately 1.2% of Systematic Financial Management LP's investment portfolio, making the stock its 18th biggest holding. Systematic Financial Management LP owned 0.34% of Curtiss-Wright worth $40,999,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Curtiss-Wright by 98.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock worth $1,163,000 after purchasing an additional 1,817 shares in the last quarter. Vontobel Holding Ltd. raised its position in Curtiss-Wright by 100.4% during the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company's stock worth $362,000 after acquiring an additional 571 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Curtiss-Wright during the first quarter worth $240,000. Janney Montgomery Scott LLC raised its position in Curtiss-Wright by 37.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock worth $1,159,000 after acquiring an additional 999 shares in the last quarter. Finally, Mission Wealth Management LP bought a new stake in Curtiss-Wright during the first quarter worth $206,000. Institutional investors own 82.71% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Truist Financial dropped their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Robert W. Baird upped their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Citigroup upped their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus increased 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. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Stock Performance

Shares of CW stock traded down $1.70 on Wednesday, hitting $489.40. The company's stock had a trading volume of 216,477 shares, compared to its average volume of 314,867. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The stock's 50 day moving average is $484.84 and its 200-day moving average is $402.32. 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 market capitalization of $18.44 billion, a PE ratio of 41.30, a PEG ratio of 2.93 and a beta of 1.18.

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

Insider Activity

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the 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 in the company, valued at $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John C. Watts sold 1,110 shares of the 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 owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,460 shares of company stock worth $1,586,767 over the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Company 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.