Quantbot Technologies LP Buys New Stake in Curtiss-Wright Corporation $CW

Key Points

• Quantbot Technologies LP acquired a new stake in Curtiss-Wright Corporation, purchasing 11,030 shares valued at approximately $3.5 million during the first quarter, indicating strong institutional interest in the aerospace company.
• In recent insider activity, Vice President John C. Watts and Director Bruce D. Hoechner sold shares of Curtiss-Wright, reducing their holdings by 8.32% and 29.58%, respectively.
• Curtiss-Wright's stock is currently experiencing a decline of 2.9% and has a 12-month high of $517.09, with analysts projecting an average price target of $468.14.

Quantbot Technologies LP bought a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,030 shares of the aerospace company's stock, valued at approximately $3,499,000.

Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in 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 valued at $1,163,000 after acquiring an additional 1,817 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of 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 in the last quarter. Sowell Financial Services LLC bought a new position in shares of Curtiss-Wright in the first quarter valued at approximately $240,000. Janney Montgomery Scott LLC boosted its holdings in shares of Curtiss-Wright by 37.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock valued at $1,159,000 after acquiring an additional 999 shares in the last quarter. Finally, Mission Wealth Management LP bought a new position in shares of Curtiss-Wright in the first quarter valued at approximately $206,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 450 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the sale, the vice president owned 4,959 shares in the company, valued at approximately $2,228,376.24. This represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the sale, the director owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Down 2.9%

CW stock opened at $479.24 on Wednesday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $517.09. The firm has a market cap of $18.06 billion, a PE ratio of 40.44, a P/E/G ratio of 3.02 and a beta of 1.18. The firm has a 50 day simple moving average of $483.75 and a 200 day simple moving average of $397.69. 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 (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.67 EPS. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CW. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Citigroup increased their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Truist Financial decreased 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average price target of $468.14.

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.

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