Susquehanna Fundamental Investments LLC Increases Holdings in Curtiss-Wright Corporation $CW

Key Points

• Susquehanna Fundamental Investments increased its Curtiss-Wright holdings by 166.4% in the second quarter, bringing its position to 9,704 shares valued at $7.35 million. Institutional investors collectively own 82.71% of the company.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $782.50, although Wall Street Zen downgraded the stock to “Hold.”
• Curtiss-Wright reported quarterly earnings of $3.72 per share, beating estimates by $0.10, while revenue rose 5.4% year over year to $924.01 million. Insiders have sold 4,034 shares worth approximately $2.79 million over the past 90 days.

Susquehanna Fundamental Investments LLC raised its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 166.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,704 shares of the aerospace company's stock after purchasing an additional 6,062 shares during the period. Susquehanna Fundamental Investments LLC's holdings in Curtiss-Wright were worth $7,353,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $3,448,649,000. Pacer Advisors Inc. grew its stake in Curtiss-Wright by 114.8% in the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company's stock worth $5,931,000 after purchasing an additional 5,749 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Curtiss-Wright in the fourth quarter worth $1,104,000. Northwestern Mutual Wealth Management Co. raised its holdings in Curtiss-Wright by 39,282.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company's stock worth $35,605,000 after purchasing an additional 64,423 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd lifted its position in Curtiss-Wright by 72.8% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company's stock valued at $4,097,000 after buying an additional 3,132 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on CW shares. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Citigroup upped their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a report on Wednesday, August 12th. Wall Street Zen cut Curtiss-Wright from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Morgan Stanley restated an "overweight" rating and issued a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $782.50.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $581.04 on Tuesday. The firm has a market cap of $21.46 billion, a P/E ratio of 39.99, a PEG ratio of 2.69 and a beta of 0.87. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $714.20 and a 200 day moving average of $714.58.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating 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 the consensus estimate of $926.17 million. During the same period last year, the business posted $3.23 EPS. The company's revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Lynn M. Bamford sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, Director Larry D. Wyche sold 100 shares of the business's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the sale, the director owned 1,414 shares of the company's stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,034 shares of company stock worth $2,793,173 in the last 90 days. Corporate insiders own 0.51% of the company's stock.

Curtiss-Wright Company Profile

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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