Sei Investments Co. Grows Position in Curtiss-Wright Corporation $CW

Key Points

• Sei Investments Co. increased its holdings in Curtiss-Wright Corporation by 18.7% during the first quarter, owning approximately 0.26% of the company worth $34.1 million.
• Analyst recommendations for Curtiss-Wright have been mostly positive, with Citigroup raising its price target from $525 to $568 and a consensus rating of "Moderate Buy" with a target price of $468.14.
• Curtiss-Wright reported better-than-expected earnings for the last quarter, with an EPS of $3.23 and revenue of $876.58 million, exceeding analysts' estimates.

Sei Investments Co. increased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 18.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,723 shares of the aerospace company's stock after acquiring an additional 15,695 shares during the period. Sei Investments Co. owned approximately 0.26% of Curtiss-Wright worth $34,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in Curtiss-Wright during the fourth quarter worth $35,000. Whipplewood Advisors LLC grew its holdings in Curtiss-Wright by 1,566.7% during 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. Ancora Advisors LLC acquired a new position in Curtiss-Wright during the fourth quarter worth $49,000. Private Trust Co. NA grew its holdings 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 worth $44,000 after acquiring an additional 138 shares during the period. Finally, Altshuler Shaham Ltd acquired a new position in Curtiss-Wright during the fourth quarter worth $70,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CW shares. Stifel Nicolaus upped their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Robert W. Baird upped their target price on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Truist Financial lowered their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Citigroup upped their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Morgan Stanley upped their target price on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $468.14.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded down $12.9370 on Tuesday, hitting $480.6930. The company had a trading volume of 74,681 shares, compared to its average volume of 318,466. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $517.09. The business has a 50 day moving average of $483.31 and a 200 day moving average of $397.12. The company has a market cap of $18.11 billion, a PE ratio of 40.56, a PEG ratio of 2.99 and a beta of 1.18.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating 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 business had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. During the same period in the prior year, the business earned $2.67 earnings per share. The business's revenue was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

About Curtiss-Wright

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.