Rafferty Asset Management LLC Decreases Stock Holdings in Curtiss-Wright Corporation $CW

Key Points

• Rafferty Asset Management LLC reduced its stake in Curtiss-Wright Corporation by 11.7%, owning 9,346 shares valued at approximately $2.97 million after selling 1,236 shares.
• Several institutional investors increased their positions, with Whipplewood Advisors LLC notably growing its stake by 1,566.7% this quarter.
• Curtiss-Wright's stock received various analyst ratings, with the average price target updated to $468.14 and a consensus rating of "Moderate Buy."

Rafferty Asset Management LLC decreased its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,346 shares of the aerospace company's stock after selling 1,236 shares during the period. Rafferty Asset Management LLC's holdings in Curtiss-Wright were worth $2,965,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC increased its position in Curtiss-Wright by 1,566.7% during 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 last quarter. Minot DeBlois Advisors LLC bought a new position in Curtiss-Wright during the fourth quarter valued at $35,000. Private Trust Co. NA grew its holdings in shares of Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Curtiss-Wright in the fourth quarter worth about $49,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Curtiss-Wright by 165.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup upped their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Robert W. Baird upped 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. Morgan Stanley upped their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $468.14.

Insider Activity at Curtiss-Wright

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 transaction of $533,355.00. Following the completion of the sale, the vice president directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Up 0.6%

NYSE:CW traded up $2.64 during mid-day trading on Thursday, reaching $480.58. The company's stock had a trading volume of 325,901 shares, compared to its average volume of 270,953. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09. The stock has a fifty day moving average of $486.17 and a 200-day moving average of $408.79. The firm has a market capitalization of $18.11 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 2.93 and a beta of 1.15. 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 quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. The company had revenue of $876.58 million during 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 firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.67 earnings per share. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

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.