Charles Schwab Investment Management Inc. Raises Stock Holdings in Curtiss-Wright Corporation (NYSE:CW)

Charles Schwab Investment Management Inc. raised its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 251,874 shares of the aerospace company's stock after acquiring an additional 14,684 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.67% of Curtiss-Wright worth $79,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CW. Minot DeBlois Advisors LLC acquired a new stake in Curtiss-Wright in the fourth quarter worth about $35,000. Whipplewood Advisors LLC increased its position in shares of Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares in the last quarter. Ancora Advisors LLC acquired a new position in Curtiss-Wright during the fourth quarter worth $49,000. Private Trust Co. NA boosted its stake in Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after buying an additional 138 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at $70,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director directly owned 4,523 shares in the company, valued at $2,026,304. This represents a 29.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John C. Watts sold 450 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the completion of the sale, the vice president owned 4,959 shares in the company, valued at $2,228,376.24. This represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 0.9%

Curtiss-Wright stock traded down $4.40 during trading hours on Friday, reaching $487.75. The stock had a trading volume of 300,609 shares, compared to its average volume of 362,074. The company has a fifty day simple moving average of $482.66 and a 200-day simple moving average of $395.76. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $517.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The stock has a market cap of $18.38 billion, a PE ratio of 41.16, a PEG ratio of 2.99 and a beta of 1.18.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued 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. 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 during 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 business's revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on CW. Citigroup increased their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Truist Financial dropped their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Morgan Stanley raised their price objective 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. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a report on Friday, August 8th. Finally, Robert W. Baird lifted their target price 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average price target of $468.14.

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.