Nicholas Investment Partners LP acquired a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,251 shares of the aerospace company's stock, valued at approximately $4,737,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Transamerica Financial Advisors LLC lifted its stake in Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company's stock valued at $40,000 after purchasing an additional 15 shares during the last quarter. IFP Advisors Inc grew its holdings in Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company's stock valued at $385,000 after purchasing an additional 16 shares during the period. Summit Financial LLC increased its position in Curtiss-Wright by 2.3% in the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company's stock worth $384,000 after buying an additional 16 shares during the last quarter. VestGen Investment Management increased its position in Curtiss-Wright by 0.9% in the fourth quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company's stock worth $1,031,000 after buying an additional 17 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC raised its stake in shares of Curtiss-Wright by 4.9% in the first quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company's stock valued at $298,000 after buying an additional 19 shares during the period. 82.71% of the stock is owned by institutional investors.
Curtiss-Wright Stock Performance
NYSE:CW opened at $614.51 on Tuesday. The business's fifty day moving average is $731.72 and its 200 day moving average is $715.86. The firm has a market cap of $22.69 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 2.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. Curtiss-Wright Corporation has a 52-week low of $465.51 and a 52-week high of $808.16.
Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.62 by $0.10. The business had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.23 EPS. Research analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current year.
Insider Transactions at Curtiss-Wright
In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CW. Citigroup increased their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 1st. Wall Street Zen cut Curtiss-Wright from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a "hold" rating in a report on Monday, July 20th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $782.50.
Read Our Latest Research Report on CW
About Curtiss-Wright
(
Free Report)
Curtiss-Wright Corporation NYSE: CW is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.
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