Fox Run Management L.L.C. Boosts Holdings in Curtiss-Wright Corporation $CW

Key Points

• Fox Run Management L.L.C. significantly increased its holdings in Curtiss-Wright Corporation by 320.4%, acquiring a total of 4,755 shares worth approximately $1.51 million.
• Institutional investor activity is notable, with several firms like Whipplewood Advisors and Private Trust Co. NA reporting massive increases in their stakes, reflecting a strong institutional interest in the company.
• Analysts remain optimistic, with Morgan Stanley and Citigroup raising their price targets to $550 and $568, respectively, while Curtiss-Wright maintains a consensus rating of "Moderate Buy".

Fox Run Management L.L.C. lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 320.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,755 shares of the aerospace company's stock after acquiring an additional 3,624 shares during the period. Fox Run Management L.L.C.'s holdings in Curtiss-Wright were worth $1,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CW. 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 acquiring an additional 258,950 shares in the last quarter. Nuveen LLC bought a new stake in shares of Curtiss-Wright during the first quarter worth about $70,357,000. Wedge Capital Management L L P NC bought a new stake in shares of Curtiss-Wright during the first quarter worth about $55,639,000. Bank of New York Mellon Corp increased its position in shares of Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock worth $175,417,000 after acquiring an additional 104,393 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Curtiss-Wright in the 4th quarter worth about $34,368,000. 82.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Morgan Stanley upped their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Citigroup upped their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $468.14.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded down $12.9370 on Tuesday, reaching $480.6930. 74,681 shares of the company traded hands, compared to its average volume of 318,466. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $517.09. The company has a 50 day moving average of $483.31 and a 200 day moving average of $397.12. The firm has a market capitalization of $18.11 billion, a PE ratio of 40.56, a PEG ratio of 2.99 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 released its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same period in the prior year, the firm earned $2.67 EPS. The company's revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Insider Buying and Selling

In related news, VP John C. Watts sold 450 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the sale, the vice president directly owned 4,959 shares in the company, valued at approximately $2,228,376.24. This represents a 8.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction that occurred 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 sale, the director owned 4,523 shares in the company, valued at $2,026,304. The trade was 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.