S&CO Inc. Makes New $1.80 Million Investment in Curtiss-Wright Corporation $CW

Key Points

• S&CO Inc. acquired 2,372 Curtiss-Wright shares worth approximately $1.80 million during the second quarter. Institutional investors collectively own 82.71% of the company.
• Curtiss-Wright reported quarterly EPS of $3.72, beating estimates of $3.62, while revenue rose 5.4% year over year to $924.01 million, slightly below expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $782.50, although recent insider activity showed executives selling shares under pre-arranged trading plans.

S&CO Inc. bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,372 shares of the aerospace company's stock, valued at approximately $1,797,000.

Several other hedge funds have also modified their holdings of CW. Elevation Wealth Partners LLC raised its position in Curtiss-Wright by 237.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company's stock worth $41,000 after purchasing an additional 38 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Curtiss-Wright in the 4th quarter valued at $31,000. Larson Financial Group LLC increased its stake in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock valued at $33,000 after buying an additional 21 shares during the period. Signature Equity Partners LLC increased its stake in shares of Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company's stock valued at $41,000 after buying an additional 35 shares during the period. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company's stock valued at $40,000 after buying an additional 15 shares during the period. 82.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the transaction, the chief executive officer owned 48,134 shares of the company's stock, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Curtiss-Wright from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley reiterated an "overweight" rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a report on Wednesday. Citigroup upped their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Finally, Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average price target of $782.50.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $698.64 on Friday. The firm has a fifty day moving average of $741.61 and a two-hundred day moving average of $715.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 3.15 and a beta of 0.87. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same period last year, the company earned $3.23 EPS. The firm's revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

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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