Advisors Asset Management Inc. Purchases 2,002 Shares of Curtiss-Wright Corporation $CW

Key Points

• Advisors Asset Management Inc. increased its holdings in Curtiss-Wright Corporation by 13.6% during the first quarter, acquiring an additional 2,002 shares, bringing its total to 16,727 shares valued at approximately $5.3 million.
• Significant growth in institutional ownership was noted, with firms like Whipplewood Advisors increasing their positions by up to 1,566.7% and new investments from several other firms totaling $32,000 to $49,000.
• Curtiss-Wright reported a quarterly earnings per share (EPS) of $3.23, which exceeded analysts' expectations, alongside a 11.7% increase in revenue year-over-year, reaching $876.58 million.

Advisors Asset Management Inc. boosted its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 13.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,727 shares of the aerospace company's stock after acquiring an additional 2,002 shares during the period. Advisors Asset Management Inc.'s holdings in Curtiss-Wright were worth $5,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CW. Whipplewood Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after acquiring an additional 94 shares during the period. 1 North Wealth Services LLC bought a new stake in shares of Curtiss-Wright during the first quarter worth approximately $32,000. Minot DeBlois Advisors LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter worth approximately $35,000. Private Trust Co. NA boosted its holdings in shares of Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after acquiring an additional 138 shares during the period. Finally, Ancora Advisors LLC bought a new position in Curtiss-Wright during the 4th quarter worth $49,000. Institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup raised 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. Stifel Nicolaus boosted their price target on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Robert W. Baird boosted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Truist Financial decreased their price objective on shares of 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 cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average price target of $468.14.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded down $1.76 during midday trading on Tuesday, reaching $482.47. The company's stock had a trading volume of 168,217 shares, compared to its average volume of 309,269. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 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 business has a 50-day moving average price of $485.94 and a 200-day moving average price of $412.12. The stock has a market cap of $18.18 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.15.

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

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business'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 approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company's stock.

About Curtiss-Wright

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.