Prospector Partners LLC Sells 25,830 Shares of Curtiss-Wright Corporation $CW

Key Points

• Prospector Partners LLC has reduced its stake in Curtiss-Wright Corporation by 47.7% in the first quarter, holding approximately 0.08% of the company's stock after selling 25,830 shares.
• Curtiss-Wright recently reported an earnings per share (EPS) of $3.23, exceeding analysts' expectations of $3.13, with a revenue of $876.58 million for the quarter.
• Several institutional investors have repositioned their stakes, with Private Trust Co. NA significantly increasing its holdings by 13,800% during the same period.

Prospector Partners LLC trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 47.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,316 shares of the aerospace company's stock after selling 25,830 shares during the quarter. Prospector Partners LLC owned 0.08% of Curtiss-Wright worth $8,984,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CW. Ascent Group LLC increased its holdings in shares of Curtiss-Wright by 4.9% during the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock worth $253,000 after acquiring an additional 33 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Curtiss-Wright by 1.6% during the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after acquiring an additional 34 shares during the last quarter. Portside Wealth Group LLC increased its holdings in shares of Curtiss-Wright by 1.6% during the 1st quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock worth $680,000 after acquiring an additional 34 shares during the last quarter. GeoWealth Management LLC increased its holdings in shares of Curtiss-Wright by 15.6% during the 4th quarter. GeoWealth Management LLC now owns 318 shares of the aerospace company's stock worth $113,000 after acquiring an additional 43 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Curtiss-Wright by 4.7% during the 4th quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock worth $337,000 after acquiring an additional 43 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup boosted their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Truist Financial reduced their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Morgan Stanley boosted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $468.14.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the transaction, the director directly owned 4,523 shares in the company, valued at $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John C. Watts sold 1,110 shares of the business'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 transaction of $533,355.00. Following the completion of the sale, the vice president directly 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 disclosure for this sale can be found here. Insiders sold a total of 3,460 shares of company stock valued at $1,586,767 over the last ninety days. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Trading Down 0.9%

NYSE CW traded down $4.4990 during trading hours on Friday, reaching $479.8510. The company's stock had a trading volume of 226,318 shares, compared to its average volume of 317,228. The stock has a market cap of $18.08 billion, a P/E ratio of 40.49, a P/E/G ratio of 2.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $517.09. The firm has a fifty day simple moving average of $484.14 and a 200-day simple moving average of $399.21.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) 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 analyst estimates of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.Curtiss-Wright's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $2.67 EPS. Equities analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright 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.