Edmond DE Rothschild Holding S.A. Raises Stock Position in Curtiss-Wright Corporation $CW

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Curtiss-Wright Corporation by 150.7%, acquiring an additional 675 shares, bringing its total to 1,123 shares valued at approximately $356,000.
• Curtiss-Wright's recent earnings report showed that the company exceeded expectations, with earnings per share of $3.23 against a consensus estimate of $3.13, and a revenue increase of 11.7% year-over-year.
• Analysts have mixed opinions on Curtiss-Wright's stock, with the consensus rating being a "Moderate Buy" and an average price target of $468.14, although price targets from various firms range from $338.00 to $568.00.

Edmond DE Rothschild Holding S.A. raised its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 150.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,123 shares of the aerospace company's stock after buying an additional 675 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Curtiss-Wright were worth $356,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 258,950 shares in the last quarter. Nuveen LLC acquired a new stake in Curtiss-Wright during the 1st quarter worth $70,357,000. Wedge Capital Management L L P NC acquired a new stake in Curtiss-Wright during the 1st quarter worth $55,639,000. Bank of New York Mellon Corp raised its position in shares of 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. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $34,368,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Trading Up 3.4%

Curtiss-Wright stock traded up $16.67 during mid-day trading on Thursday, hitting $512.15. The company's stock had a trading volume of 142,144 shares, compared to its average volume of 307,786. The stock's fifty day moving average is $486.36 and its two-hundred day moving average is $413.17. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $19.30 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 2.95 and a beta of 1.15. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09.

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

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the 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 completion of the transaction, the vice president owned 3,863 shares of the company's stock, valued at $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on CW shares. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. 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. Finally, Citigroup lifted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.