Curtiss-Wright Corporation $CW Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,923 shares of the aerospace company's stock after selling 1,893 shares during the period. HighTower Advisors LLC's holdings in Curtiss-Wright were worth $10,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company's stock valued at $67,611,000 after purchasing an additional 20,379 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $235,000. Northwestern Mutual Wealth Management Co. raised its holdings in Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company's stock valued at $49,000 after buying an additional 35 shares during the period. Marshall Wace LLP purchased a new stake in Curtiss-Wright in the 2nd quarter valued at about $5,423,000. Finally, Cresset Asset Management LLC lifted its position in Curtiss-Wright by 46.4% in the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company's stock valued at $705,000 after buying an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW opened at $565.01 on Thursday. The company has a market cap of $20.87 billion, a P/E ratio of 38.89, a PEG ratio of 2.59 and a beta of 0.84. Curtiss-Wright Corporation has a fifty-two week low of $481.70 and a fifty-two week high of $808.16. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The firm's 50 day moving average price is $687.85 and its 200 day moving average price is $709.08.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.62 by $0.10. The company had revenue of $924.01 million during the quarter, compared to analysts' expectations of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.23 EPS. On average, research analysts forecast that Curtiss-Wright Corporation will post 15.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John Watts sold 1,035 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the transaction, the executive vice president directly owned 2,736 shares of the company's stock, valued at $1,694,842.56. The trade was a 27.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry D. Wyche sold 100 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the sale, the director directly owned 1,414 shares in the company, valued at $843,790.36. This represents a 6.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research report on Monday, July 20th. Weiss Ratings lowered Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 4th. Piper Sandler started coverage on Curtiss-Wright in a research note on Wednesday, September 2nd. They set a "neutral" rating and a $665.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research report on Wednesday, August 12th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $765.71.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation NYSE: CW is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.

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