CW Advisors LLC Has $16.67 Million Holdings in Curtiss-Wright Corporation $CW

Key Points

• CW Advisors LLC reduced its stake in Curtiss-Wright Corporation by 5.6% during the first quarter, leaving the firm with 52,537 shares valued at approximately $16.67 million.
• Curtiss-Wright recently reported quarterly earnings of $3.23 per share, surpassing analysts' expectations, and achieving a revenue of $876.58 million, an increase of 11.7% year-over-year.
• Several analysts have adjusted their price targets for Curtiss-Wright, with Citigroup raising its target from $525.00 to $568.00, while the average target now stands at $468.14 across multiple research firms.

CW Advisors LLC decreased its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,537 shares of the aerospace company's stock after selling 3,095 shares during the period. CW Advisors LLC owned 0.14% of Curtiss-Wright worth $16,669,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CW. Whipplewood Advisors LLC grew its position in Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in Curtiss-Wright in the 4th quarter worth about $35,000. Private Trust Co. NA grew its position in Curtiss-Wright by 13,800.0% in the 1st 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 Curtiss-Wright in the 4th quarter worth about $49,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Curtiss-Wright by 165.3% in the 1st 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.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction on 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, VP John C. Watts sold 1,110 shares of the 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 transaction, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,460 shares of company stock worth $1,586,767. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Up 2.5%

Curtiss-Wright stock traded up $12.00 during trading hours on Tuesday, hitting $490.91. The company had a trading volume of 211,916 shares, compared to its average volume of 315,465. The firm's fifty day moving average is $484.45 and its 200-day moving average is $401.70. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $517.09. The firm has a market capitalization of $18.50 billion, a P/E ratio of 41.43, a price-to-earnings-growth ratio of 2.95 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 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 company had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. During the same quarter in the prior year, the business posted $2.67 EPS. Curtiss-Wright's quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Robert W. Baird upped their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Truist Financial reduced their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. 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 research note on Thursday, July 17th. Finally, 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 research note on Monday, July 14th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $468.14.

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.