Kestra Investment Management LLC Purchases 1,162 Shares of Curtiss-Wright Corporation $CW

Key Points

• Kestra Investment Management LLC increased its holdings in Curtiss-Wright Corporation by 23.4% in the 1st quarter, now owning 6,133 shares worth approximately $1.95 million.
• Insider John C. Watts sold 1,110 shares at an average price of $480.50, marking a 22.32% decrease in his ownership.
• Curtiss-Wright’s recent quarterly earnings report showed a profit of $3.23 per share, exceeding analysts' expectations and indicating a year-over-year revenue increase of 11.7%.

Kestra Investment Management LLC increased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 23.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,133 shares of the aerospace company's stock after acquiring an additional 1,162 shares during the quarter. Kestra Investment Management LLC's holdings in Curtiss-Wright were worth $1,946,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Curtiss-Wright by 98.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock worth $1,163,000 after buying an additional 1,817 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Curtiss-Wright by 100.4% in the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company's stock valued at $362,000 after acquiring an additional 571 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Curtiss-Wright during the 1st quarter worth approximately $240,000. Janney Montgomery Scott LLC raised its holdings in shares of Curtiss-Wright by 37.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock worth $1,159,000 after purchasing an additional 999 shares during the period. Finally, Mission Wealth Management LP purchased a new position in Curtiss-Wright in the first quarter valued at approximately $206,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird boosted their target price 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 boosted 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. Stifel Nicolaus increased their target price 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 boosted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Truist Financial cut their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $468.14.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded up $12.73 on Wednesday, hitting $494.45. The company's stock had a trading volume of 230,300 shares, compared to its average volume of 212,173. The company has a market capitalization of $18.63 billion, a PE ratio of 39.20, a PEG ratio of 2.95 and a beta of 1.15. 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 company has a 50-day simple moving average of $486.06 and a 200 day simple moving average of $412.60. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted 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 company had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. Curtiss-Wright's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.67 earnings per share. Sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.55% of the stock is owned by insiders.

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.