HighTower Advisors LLC Cuts Position in Curtiss-Wright Corporation $CW

Key Points

• HighTower Advisors LLC reduced its stake in Curtiss-Wright Corporation by 6.9%, selling 874 shares to own a total of 11,872 shares valued at approximately $3.77 million.
• Several other institutional investors have increased their positions in Curtiss-Wright, indicating strong ongoing interest in the stock, which is now 82.71% owned by institutional investors.
• Analysts have set a new consensus price target of $468.14 for Curtiss-Wright, with mixed ratings that include five "Buy" and two "Hold" ratings across various reports.

HighTower Advisors LLC lessened its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,872 shares of the aerospace company's stock after selling 874 shares during the quarter. HighTower Advisors LLC's holdings in Curtiss-Wright were worth $3,767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Curtiss-Wright by 98.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock valued at $1,163,000 after purchasing an additional 1,817 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Curtiss-Wright by 100.4% during the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company's stock valued at $362,000 after purchasing an additional 571 shares in the last quarter. Sowell Financial Services LLC purchased a new position in Curtiss-Wright during the first quarter valued at $240,000. Janney Montgomery Scott LLC lifted its holdings in Curtiss-Wright by 37.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock valued at $1,159,000 after purchasing an additional 999 shares in the last quarter. Finally, Mission Wealth Management LP purchased a new position in Curtiss-Wright during the first quarter valued at $206,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CW shares. Citigroup raised their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley raised their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Robert W. Baird raised their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

Insider Activity

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the transaction, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John C. Watts sold 1,110 shares of the company's 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 in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,460 shares of company stock worth $1,586,767 over the last quarter. Insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Up 2.2%

Curtiss-Wright stock traded up $10.3890 during trading on Tuesday, reaching $489.2990. The stock had a trading volume of 48,250 shares, compared to its average volume of 314,449. The stock has a market cap of $18.44 billion, a PE ratio of 41.26, a P/E/G ratio of 2.95 and a beta of 1.18. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $517.09. The business has a 50 day moving average price of $484.45 and a 200 day moving average price of $401.70.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. During the same period in the previous year, the company posted $2.67 EPS. Curtiss-Wright's revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

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.