1,230 Shares in Curtiss-Wright Corporation $CW Purchased by PharVision Advisers LLC

Key Points

• PharVision Advisers LLC acquired 1,230 shares of Curtiss-Wright Corporation worth approximately $390,000, marking the firm's new stake in the aerospace company in Q1.
• Other significant institutional investors, including GAMMA Investing LLC and Nuveen LLC, have also increased their holdings, with institutional ownership now at 82.71%.
• Curtiss-Wright reported better-than-expected Q2 earnings with $3.23 earnings per share, surpassing analysts’ estimates and reflecting an 11.7% revenue increase compared to the previous year.

PharVision Advisers LLC acquired a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,230 shares of the aerospace company's stock, valued at approximately $390,000.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 94 shares during the period. 1 North Wealth Services LLC acquired a new stake in shares of Curtiss-Wright in the first quarter valued at approximately $32,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $35,000. Private Trust Co. NA lifted its holdings in shares of Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Curtiss-Wright by 165.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after purchasing an additional 124 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CW shares. Truist Financial decreased their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus increased their price target on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Citigroup increased their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Morgan Stanley increased their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average target price of $468.14.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded up $1.86 during midday trading on Monday, reaching $483.55. The company's stock had a trading volume of 174,297 shares, compared to its average volume of 234,603. 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's 50 day simple moving average is $485.94 and its 200 day simple moving average is $412.12. The firm has a market capitalization of $18.22 billion, a PE ratio of 40.81, a P/E/G ratio of 2.95 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. During the same quarter last year, the business posted $2.67 earnings per share. The business's revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share 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.