Curtiss-Wright Corporation $CW Shares Purchased by Amundi

Key Points

• Amundi increased its stake in Curtiss-Wright Corporation by 104.3% in Q1, owning 38,783 shares worth $11.75 million at the end of the reporting period.
• Curtiss-Wright's stock experienced a slight decrease of 0.4%, with a current market capitalization of $18.18 billion and a one-year high of $517.09.
• In its latest quarterly report, Curtiss-Wright surpassed analysts' earnings expectations, reporting $3.23 earnings per share compared to the expected $3.13.

Amundi boosted its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 104.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,783 shares of the aerospace company's stock after acquiring an additional 19,798 shares during the quarter. Amundi owned 0.10% of Curtiss-Wright worth $11,748,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of Curtiss-Wright by 10.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,094 shares of the aerospace company's stock valued at $388,000 after purchasing an additional 100 shares in the last quarter. Baird Financial Group Inc. grew its position in Curtiss-Wright by 1.6% during the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock valued at $753,000 after buying an additional 34 shares during the period. Cetera Investment Advisers increased its holdings in 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 buying an additional 1,566 shares in the last quarter. EP Wealth Advisors LLC raised 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 worth $337,000 after acquiring an additional 43 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Curtiss-Wright by 2.0% during the 4th quarter. Deutsche Bank AG now owns 112,762 shares of the aerospace company's stock worth $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.

Curtiss-Wright Stock Down 0.4%

Shares of CW opened at $482.47 on Wednesday. The stock has a 50 day moving average price of $486.06 and a 200 day moving average price of $412.60. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $517.09. 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 has a market capitalization of $18.18 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.97 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share 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 analyst estimates of $855.10 million. During the same quarter last year, the firm posted $2.67 EPS. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CW shares. Stifel Nicolaus lifted 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. Citigroup boosted their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Robert W. Baird increased their target price on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Truist Financial reduced their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction dated 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 sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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