Northwestern Mutual Wealth Management Co. Acquires New Shares in Curtiss-Wright Corporation $CW

Key Points

• Northwestern Mutual Wealth Management acquired 1,892 Curtiss-Wright shares worth approximately $1.43 million in the second quarter. Institutional investors collectively own 82.71% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $782.50; targets cited range from $768 to $870.
• Curtiss-Wright exceeded quarterly earnings expectations, reporting EPS of $3.72 versus a $3.62 consensus estimate, while revenue rose 5.4% year over year to $924.01 million. Executives also sold shares under pre-arranged Rule 10b5-1 plans.

Northwestern Mutual Wealth Management Co. bought a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,892 shares of the aerospace company's stock, valued at approximately $1,433,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Curtiss-Wright in the 2nd quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter worth $31,000. Larson Financial Group LLC grew its stake in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock worth $33,000 after buying an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company's stock worth $40,000 after buying an additional 15 shares in the last quarter. Finally, Signature Equity Partners LLC boosted its holdings in shares of Curtiss-Wright by 140.0% during the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CW. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a report on Wednesday, August 12th. Citigroup boosted their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. Weiss Ratings raised Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $782.50.

Curtiss-Wright Stock Performance

NYSE CW opened at $609.52 on Wednesday. The company has a market capitalization of $22.51 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 2.77 and a beta of 0.87. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The stock has a fifty day simple moving average of $728.62 and a 200 day simple moving average of $715.75.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced 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 firm had revenue of $924.01 million for 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 business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.23 EPS. Sell-side analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Insider Buying and Selling

In related news, VP Gary A. Ogilby sold 399 shares of the company's stock in a transaction that occurred on Tuesday, June 9th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares of the company's stock, valued at $34,739,270.48. This represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

About Curtiss-Wright

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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