Curtiss-Wright Corporation $CW Shares Sold by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP has reduced its holdings in Curtiss-Wright Corporation by 18.4%, owning 9,816 shares valued at approximately $3.11 million after selling 2,216 shares in the first quarter.
• Curtiss-Wright reported $3.23 EPS for the last quarter, surpassing estimates, with a year-over-year revenue increase of 11.7% to $876.58 million.
• Institutional investors hold 82.71% of Curtiss-Wright's stock, indicating significant institutional interest in the company.

Advantage Alpha Capital Partners LP decreased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,816 shares of the aerospace company's stock after selling 2,216 shares during the quarter. Advantage Alpha Capital Partners LP's holdings in Curtiss-Wright were worth $3,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its stake in shares of 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 buying an additional 94 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new position in Curtiss-Wright in the fourth quarter valued at $35,000. Private Trust Co. NA boosted its holdings 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 purchasing an additional 138 shares during the period. Ancora Advisors LLC purchased a new position in Curtiss-Wright in the fourth quarter valued at $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings 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 purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $484.1850 on Friday. The stock has a market capitalization of $18.24 billion, a PE ratio of 40.86, a price-to-earnings-growth ratio of 2.94 and a beta of 1.18. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $517.09. The stock's 50-day moving average price is $484.14 and its 200 day moving average price is $399.21. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

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, topping the consensus estimate of $3.13 by $0.10. The company had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.67 EPS. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CW. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup lifted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Robert W. Baird lifted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus lifted their price target on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Finally, Truist Financial decreased their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

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.

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