Curtiss-Wright Corporation $CW Shares Purchased by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Curtiss-Wright Corporation by 110.4% during the first quarter, purchasing an additional 21,788 shares, bringing its total to 41,528 shares valued at $13,176,000.
• The stock has seen significant interest from other institutional investors, with 82.71% of shares currently owned by hedge funds and institutional investors.
• Curtiss-Wright recently reported an EPS of $3.23 for the quarter, surpassing estimates and achieving an 11.7% year-over-year revenue increase to $876.58 million.

Gotham Asset Management LLC boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 110.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,528 shares of the aerospace company's stock after purchasing an additional 21,788 shares during the quarter. Gotham Asset Management LLC owned approximately 0.11% of Curtiss-Wright worth $13,176,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV lifted its stake in Curtiss-Wright by 10.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,094 shares of the aerospace company's stock valued at $388,000 after buying an additional 100 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Curtiss-Wright by 1.6% in the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock valued at $753,000 after acquiring an additional 34 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Curtiss-Wright by 10.3% in the fourth quarter. Cetera Investment Advisers now owns 16,718 shares of the aerospace company's stock valued at $5,933,000 after acquiring an additional 1,566 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Curtiss-Wright by 4.7% in the fourth quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock valued at $337,000 after acquiring an additional 43 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Curtiss-Wright by 2.0% in the fourth quarter. Deutsche Bank AG now owns 112,762 shares of the aerospace company's stock valued at $40,016,000 after acquiring an additional 2,181 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president owned 3,863 shares of the company's stock, valued at $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on CW shares. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Citigroup lifted their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Morgan Stanley lifted their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Robert W. Baird raised their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Trading Up 2.4%

NYSE:CW traded up $11.85 on Thursday, reaching $507.33. The company's stock had a trading volume of 254,196 shares, compared to its average volume of 308,487. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $517.09. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The firm has a market cap of $19.12 billion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 2.95 and a beta of 1.15. The stock has a 50 day moving average price of $486.36 and a 200 day moving average price of $413.17.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 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 company had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the previous year, the business earned $2.67 earnings per share. The company's revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

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.