Fuller & Thaler Asset Management Inc. Has $804,000 Position in Curtiss-Wright Corporation $CW

Key Points

• Fuller & Thaler Asset Management Inc. increased its position in Curtiss-Wright Corporation by 52.3% in the first quarter, owning 2,534 shares worth $804,000.
• Curtiss-Wright reported $3.23 earnings per share for the recent quarter, exceeding analysts' estimates and achieving a revenue of $876.58 million, marking an 11.7% year-over-year increase.
• The stock currently has a consensus rating of "Moderate Buy" with an average price target of $468.14, reflecting a generally positive outlook from analysts.

Fuller & Thaler Asset Management Inc. raised its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 52.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,534 shares of the aerospace company's stock after purchasing an additional 870 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Curtiss-Wright were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Curtiss-Wright during the first quarter valued at approximately $3,499,000. Wellington Management Group LLP boosted its position in Curtiss-Wright by 5.3% in the first quarter. Wellington Management Group LLP now owns 189,250 shares of the aerospace company's stock valued at $60,043,000 after buying an additional 9,569 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in Curtiss-Wright by 12.7% in the first quarter. Aptus Capital Advisors LLC now owns 30,542 shares of the aerospace company's stock valued at $9,690,000 after buying an additional 3,437 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in Curtiss-Wright by 5.1% in the first quarter. Burgundy Asset Management Ltd. now owns 1,783 shares of the aerospace company's stock valued at $566,000 after buying an additional 86 shares in the last quarter. Finally, Corient IA LLC acquired a new position in Curtiss-Wright in the first quarter valued at about $635,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on CW. 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. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Morgan Stanley boosted their price target 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. Citigroup boosted their price target 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. Finally, Stifel Nicolaus boosted their price target 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $468.14.

Curtiss-Wright Trading Up 2.1%

Shares of CW traded up $9.95 on Tuesday, reaching $488.86. 60,459 shares of the company's stock were exchanged, compared to its average volume of 314,512. 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 stock has a market capitalization of $18.42 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 2.95 and a beta of 1.18. The business has a 50 day moving average price of $484.45 and a two-hundred day moving average price of $401.70. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its 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 firm had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the prior year, the firm earned $2.67 earnings per share. The business's quarterly revenue was up 11.7% on a year-over-year basis. Research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Insider Buying and Selling at Curtiss-Wright

In related news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John C. Watts sold 1,110 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, the vice president owned 3,863 shares of the company's stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,460 shares of company stock valued at $1,586,767 in the last three months. 0.55% of the stock is owned by insiders.

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.