Graham Capital Management L.P. Grows Stock Holdings in Curtiss-Wright Corporation $CW

Key Points

• Graham Capital Management L.P. increased its stake in Curtiss-Wright Corporation by 38.1%, purchasing an additional 1,543 shares, bringing its total holdings to 5,596 shares valued at $1,775,000.
• Several other large institutional investors also increased their positions in Curtiss-Wright, contributing to a total institutional ownership of 82.71%.
• Curtiss-Wright reported $3.23 EPS for the last quarter, exceeding analysts' expectations, alongside a revenue of $876.58 million which was up 11.7% year-over-year.

Graham Capital Management L.P. lifted its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 38.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,596 shares of the aerospace company's stock after buying an additional 1,543 shares during the quarter. Graham Capital Management L.P.'s holdings in Curtiss-Wright were worth $1,775,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth $35,000. Whipplewood Advisors LLC grew its stake in shares of Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after buying an additional 94 shares during the period. Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $49,000. Private Trust Co. NA grew its stake in shares of Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after buying an additional 138 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after buying an additional 124 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CW has been the subject of several research reports. Citigroup raised their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Stifel Nicolaus raised their target price on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Morgan Stanley raised their target price on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Robert W. Baird raised their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average target price of $468.14.

Curtiss-Wright Stock Up 0.2%

Shares of CW traded up $0.73 during trading hours on Friday, reaching $481.82. 207,993 shares of the stock traded hands, compared to its average volume of 247,864. 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 stock has a fifty day simple moving average of $486.05 and a 200 day simple moving average of $410.38. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $517.09. The company has a market cap 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 (NYSE:CW - Get Free Report) last posted its 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 firm had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. During the same quarter last year, the firm earned $2.67 EPS. The company's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts forecast 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 Curtiss-Wright stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.