Focus Partners Advisor Solutions LLC Has $386,000 Position in Curtiss-Wright Corporation $CW

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Curtiss-Wright Corporation by 113.5% during the first quarter, owning 1,217 shares valued at $386,000.
• Institutional investors, including several hedge funds, own 82.71% of Curtiss-Wright's stock, indicating strong confidence from large financial entities.
• Equities analysts have given Curtiss-Wright a consensus rating of "Moderate Buy", with an average target price of $468.14, reflecting positive short-term growth expectations.

Focus Partners Advisor Solutions LLC boosted its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 113.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,217 shares of the aerospace company's stock after purchasing an additional 647 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Curtiss-Wright were worth $386,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp grew its position in Curtiss-Wright by 23.3% in the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after purchasing an additional 104,393 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Curtiss-Wright by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock valued at $110,769,000 after acquiring an additional 5,007 shares in the last quarter. GAMMA Investing LLC lifted its stake in Curtiss-Wright by 44,878.7% during the 1st quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock valued at $82,340,000 after acquiring an additional 258,950 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Curtiss-Wright by 6.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company's stock valued at $79,912,000 after acquiring an additional 14,684 shares in the last quarter. Finally, Nuveen LLC bought a new position in Curtiss-Wright during the 1st quarter valued at $70,357,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. 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 research note on Friday, July 11th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Robert W. Baird raised their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Citigroup raised their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Morgan Stanley raised their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $468.14.

Curtiss-Wright Trading Up 0.2%

NYSE CW opened at $481.82 on Friday. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 2.95 and a beta of 1.15. Curtiss-Wright Corporation has a one year low of $266.88 and a one year 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 business's fifty day moving average is $486.05 and its 200-day moving average is $409.87.

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

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares of the company's stock, valued at $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by insiders.

Curtiss-Wright 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.

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