Russell Investments Group Ltd. Buys 2,415 Shares of Curtiss-Wright Corporation $CW

Key Points

• Russell Investments Group Ltd. increased its stake in Curtiss-Wright Corporation by 13.0%, owning 20,930 shares valued at approximately $6.64 million as of the latest filing.
• Wall Street analysts have elevated their price targets for Curtiss-Wright, with Citigroup raising its target from $525 to $568 and maintaining a "buy" rating, while other firms have also issued favorable ratings.
• Insider trading activity has been noted, with VP John C. Watts and Director Bruce D. Hoechner selling shares, resulting in significant decreases in their respective ownership stakes.

Russell Investments Group Ltd. lifted its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 13.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,930 shares of the aerospace company's stock after acquiring an additional 2,415 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Curtiss-Wright worth $6,641,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in 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 worth $32,000 after acquiring an additional 94 shares during the period. Minot DeBlois Advisors LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at $35,000. Private Trust Co. NA boosted its stake in Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after buying an additional 138 shares during the period. Ancora Advisors LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Curtiss-Wright by 165.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after buying an additional 124 shares during the period. 82.71% of the stock is owned by institutional investors.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction dated 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 sale, the vice president owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the director directly 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. In the last three months, insiders sold 3,460 shares of company stock valued at $1,586,767. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Price Performance

CW stock traded up $12.00 during mid-day trading on Tuesday, hitting $490.91. 211,923 shares of the stock were exchanged, compared to its average volume of 354,961. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The business has a fifty day moving average price of $484.84 and a 200 day moving average price of $402.32. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $517.09. The stock has a market capitalization of $18.50 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 2.93 and a beta of 1.18.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly 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. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. During the same quarter in the previous year, the company posted $2.67 earnings per share. The company's revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CW shares. Morgan Stanley lifted their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Citigroup lifted their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Truist Financial dropped their price objective 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. Robert W. Baird lifted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. 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 research note on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $468.14.

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.