Aptus Capital Advisors LLC Has $9.69 Million Holdings in Curtiss-Wright Corporation $CW

Key Points

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Aptus Capital Advisors LLC lifted its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 12.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,542 shares of the aerospace company's stock after acquiring an additional 3,437 shares during the period. Aptus Capital Advisors LLC owned approximately 0.08% of Curtiss-Wright worth $9,690,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Ascent Group LLC raised its holdings in Curtiss-Wright by 4.9% during the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock worth $253,000 after buying an additional 33 shares during the period. Baird Financial Group Inc. raised its holdings in Curtiss-Wright by 1.6% during the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after buying an additional 34 shares during the period. Portside Wealth Group LLC raised its holdings in Curtiss-Wright by 1.6% during the 1st quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock worth $680,000 after buying an additional 34 shares during the period. GeoWealth Management LLC raised its holdings in Curtiss-Wright by 15.6% during the 4th quarter. GeoWealth Management LLC now owns 318 shares of the aerospace company's stock worth $113,000 after buying an additional 43 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in Curtiss-Wright by 4.7% during the 4th quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock worth $337,000 after buying an additional 43 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CW has been the subject of several research reports. Robert W. Baird raised their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Citigroup raised their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. 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. Finally, Morgan Stanley raised 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. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus target price of $468.14.

Insiders Place Their Bets

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction on Thursday, August 21st. The stock was 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 owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright 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 sale, the director directly owned 4,523 shares of the company's stock, valued at $2,026,304. This represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,460 shares of company stock valued at $1,586,767 in the last three months. Insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Performance

Curtiss-Wright stock traded down $4.4990 during mid-day trading on Friday, hitting $479.8510. 226,319 shares of the company's stock traded hands, compared to its average volume of 356,943. The firm has a 50 day simple moving average of $484.26 and a two-hundred day simple moving average of $400.14. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $517.09. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 2.97 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same quarter last year, the firm posted $2.67 EPS. The company's quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Company 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.