AlphaQuest LLC Has $224,000 Stake in Curtiss-Wright Corporation $CW

Key Points

• AlphaQuest LLC significantly increased its holdings in Curtiss-Wright Corporation by 605.0%, acquiring a total of 705 shares valued at approximately $224,000.
• Multiple analysts have raised their price targets for Curtiss-Wright, with Morgan Stanley increasing it from $405.00 to $550.00 and Citigroup from $525.00 to $568.00, while maintaining a general trend of positive ratings.
• Curtiss-Wright reported a quarterly earnings of $3.23 per share, exceeding analyst expectations, with revenue rising 11.7% year-over-year to $876.58 million.

AlphaQuest LLC raised its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 605.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 705 shares of the aerospace company's stock after purchasing an additional 605 shares during the quarter. AlphaQuest LLC's holdings in Curtiss-Wright were worth $224,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new position in shares of Curtiss-Wright during the 4th quarter worth about $35,000. Whipplewood Advisors LLC increased its stake in Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 94 shares during the period. Ancora Advisors LLC bought a new stake in Curtiss-Wright in the fourth quarter valued at about $49,000. Private Trust Co. NA increased its stake in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 138 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Curtiss-Wright by 165.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after acquiring an additional 124 shares during the period. Institutional investors own 82.71% of the company's stock.

Insider Buying and Selling

In other news, VP John C. Watts sold 1,110 shares of the company'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 transaction of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director owned 4,523 shares in the company, valued at $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CW. 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. Citigroup upped their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Morgan Stanley upped their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Truist Financial lowered their target price 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. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $468.14.

Curtiss-Wright Price Performance

NYSE:CW traded down $8.42 on Wednesday, reaching $473.94. The stock had a trading volume of 58,770 shares, compared to its average volume of 310,776. The company has a market capitalization of $17.86 billion, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 2.93 and a beta of 1.15. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year 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 stock has a fifty day moving average price of $486.20 and a 200-day moving average price of $407.22.

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 analysts' consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.67 earnings per share. Research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

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.