Ieq Capital LLC Grows Stake in Curtiss-Wright Corporation $CW

Key Points

• Ieq Capital LLC significantly increased its position in Curtiss-Wright Corporation by 396.8%, accumulating a total of 3,974 shares valued at approximately $1.26 million.
• The company reported a strong earnings per share (EPS) of $3.23 for the last quarter, surpassing analyst expectations of $3.13 and reflecting an 11.7% revenue growth year-over-year.
• Despite recent hedge fund activity, 82.71% of Curtiss-Wright stock is currently owned by institutional investors, indicating strong institutional confidence in the company.

Ieq Capital LLC increased its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 396.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,974 shares of the aerospace company's stock after acquiring an additional 3,174 shares during the period. Ieq Capital LLC's holdings in Curtiss-Wright were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Ascent Group LLC boosted its position in shares of 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 acquiring an additional 33 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of 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 acquiring an additional 34 shares in the last quarter. Portside Wealth Group LLC boosted its position in shares of 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 acquiring an additional 34 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 43 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its position in shares of Curtiss-Wright by 1.0% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 4,505 shares of the aerospace company's stock worth $1,429,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Up 0.2%

Shares of NYSE CW traded up $0.73 during mid-day trading on Friday, reaching $481.82. 207,993 shares of the company's stock traded hands, compared to its average volume of 247,864. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $517.09. The stock has a market cap of $18.15 billion, a P/E ratio of 40.66, a PEG ratio of 2.95 and a beta of 1.15. The business has a 50-day simple moving average of $486.05 and a 200 day simple moving average of $410.38. 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 released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. During the same period in the previous year, the company earned $2.67 earnings per share. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CW has been the topic of a number of research analyst reports. 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 report on Thursday, July 17th. Truist Financial cut their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Citigroup raised their target price on shares of 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 raised their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus lifted 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $468.14.

Insiders Place Their Bets

In related news, VP John C. Watts sold 1,110 shares of the business's 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 transaction, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.