Hsbc Holdings PLC Purchases 10,001 Shares of Curtiss-Wright Corporation $CW

Key Points

• Hsbc Holdings PLC increased its stake in Curtiss-Wright Corporation by 249.6% in the first quarter, acquiring an additional 10,001 shares, bringing its total holdings to 14,008 shares valued at approximately $4.4 million.
• Insider transactions revealed that Director Bruce D. Hoechner sold 1,900 shares for about $851,200, and VP John C. Watts sold 1,110 shares for around $533,355, indicating a decrease in their respective positions.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Curtiss-Wright, with five analysts rating it a Buy and target prices ranging from $338 to $568.

Hsbc Holdings PLC grew its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 249.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,008 shares of the aerospace company's stock after purchasing an additional 10,001 shares during the quarter. Hsbc Holdings PLC's holdings in Curtiss-Wright were worth $4,407,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CW. Whipplewood Advisors LLC increased its position in shares of Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Curtiss-Wright during the 4th quarter valued at about $35,000. Private Trust Co. NA increased its position in shares of Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 138 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Curtiss-Wright during the 4th quarter valued at about $49,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Curtiss-Wright by 165.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares of the company's stock, valued at $2,026,304. This trade represents a 29.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John C. Watts sold 1,110 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,460 shares of company stock valued at $1,586,767. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Trading Down 0.4%

NYSE CW opened at $478.93 on Tuesday. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $517.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The stock has a 50 day simple moving average of $484.45 and a two-hundred day simple moving average of $401.70. The stock has a market cap of $18.05 billion, a P/E ratio of 40.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.18.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million during 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 was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.67 EPS. On average, analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CW shares. Stifel Nicolaus increased their target price on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a report on Friday, August 8th. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Truist Financial dropped their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Citigroup increased their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Robert W. Baird increased their target price on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $468.14.

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.

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