Vanguard Group Inc. Cuts Position in Curtiss-Wright Corporation (NYSE:CW)

Vanguard Group Inc. decreased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,621,753 shares of the aerospace company's stock after selling 12,275 shares during the quarter. Vanguard Group Inc. owned approximately 9.62% of Curtiss-Wright worth $1,149,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Curtiss-Wright by 23.3% in the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after buying an additional 104,393 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Curtiss-Wright by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock worth $110,769,000 after purchasing an additional 5,007 shares during the last quarter. Northern Trust Corp grew its holdings in Curtiss-Wright by 21.4% during the fourth quarter. Northern Trust Corp now owns 329,918 shares of the aerospace company's stock worth $117,078,000 after acquiring an additional 58,207 shares during the period. Driehaus Capital Management LLC grew its holdings in Curtiss-Wright by 3.0% during the fourth quarter. Driehaus Capital Management LLC now owns 291,582 shares of the aerospace company's stock worth $103,474,000 after acquiring an additional 8,447 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Curtiss-Wright by 44,878.7% during the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock worth $82,340,000 after acquiring an additional 258,950 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of recent analyst reports. Truist Financial dropped their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Robert W. Baird upped their target price on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley upped their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Citigroup upped their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $468.14.

Curtiss-Wright Trading Up 0.2%

NYSE CW traded up $0.91 during trading hours on Friday, hitting $493.06. 52,422 shares of the company's stock were exchanged, compared to its average volume of 318,657. The business's 50 day moving average is $481.97 and its 200-day moving average is $394.33. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $517.09. The firm has a market capitalization of $18.58 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 3.04 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its 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 return on equity of 18.34% and a net margin of 13.66%. The firm had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. During the same period in the prior year, the business posted $2.67 earnings per share. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Insider Activity

In other news, VP John C. Watts sold 450 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the transaction, the vice president directly owned 4,959 shares in the company, valued at $2,228,376.24. This trade represents a 8.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

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.