Edmond DE Rothschild Holding S.A. Buys New Position in Curtiss-Wright Corporation $CW

Key Points

• Edmond DE Rothschild Holding purchased 2,654 Curtiss-Wright shares worth approximately $2.01 million during the second quarter. Several other funds also initiated positions, while institutional investors collectively own 82.71% of the company.
• Analyst sentiment remains positive but measured, with Curtiss-Wright carrying a “Moderate Buy” consensus rating and an average price target of $782.50. Targets range from $768 to $860.
• Curtiss-Wright shares opened at $649.78, down 3.5%, despite quarterly EPS of $3.72 beating estimates and revenue rising 5.4% year over year to $924.01 million. Company insiders sold approximately $2.26 million of stock over the past 90 days.

Edmond DE Rothschild Holding S.A. purchased a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,654 shares of the aerospace company's stock, valued at approximately $2,011,000.

A number of other hedge funds have also recently modified their holdings of the business. Lisanti Capital Growth LLC purchased a new stake in shares of Curtiss-Wright in the 2nd quarter worth $1,857,000. Csenge Advisory Group purchased a new stake in Curtiss-Wright in the second quarter worth about $1,344,000. NewEdge Wealth LLC purchased a new stake in Curtiss-Wright in the second quarter worth about $228,000. Great Lakes Advisors LLC bought a new position in shares of Curtiss-Wright in the second quarter worth about $1,159,000. Finally, Danske Bank A S purchased a new position in shares of Curtiss-Wright during the 2nd quarter valued at about $19,274,000. Institutional investors own 82.71% of the company's stock.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent research reports. Citigroup boosted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a research note on Wednesday, July 1st. Morgan Stanley restated an "overweight" rating and set a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Wall Street Zen downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Stifel Nicolaus increased their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $782.50.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 2,500 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares of the company's stock, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the transaction, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,119 shares of company stock worth $2,257,998 over the last 90 days. Company insiders own 0.51% of the company's stock.

Curtiss-Wright Stock Down 3.5%

CW opened at $649.78 on Friday. The company has a market capitalization of $24.00 billion, a PE ratio of 44.72, a price-to-earnings-growth ratio of 3.04 and a beta of 0.87. The firm has a 50-day simple moving average of $737.15 and a two-hundred day simple moving average of $716.48. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The company had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same period in the previous year, the business earned $3.23 earnings per share. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. Analysts forecast that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Curtiss-Wright Profile

Curtiss-Wright Corporation NYSE: CW is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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