Curtiss-Wright Corporation $CW Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Curtiss-Wright Corporation by 23.6%, owning 32,017 shares valued at approximately $10.16 million after selling 9,873 shares in the first quarter.
• Several institutional investors have increased their holdings in Curtiss-Wright, including Ieq Capital LLC, which boosted its stake by 396.8%, and AlphaQuest LLC, which increased its stake by 605.0%.
• A recent earnings report showed that Curtiss-Wright exceeded analyst expectations, posting $3.23 earnings per share for the quarter, which is a year-over-year increase from $2.67.

Trexquant Investment LP cut its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 23.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,017 shares of the aerospace company's stock after selling 9,873 shares during the quarter. Trexquant Investment LP owned approximately 0.09% of Curtiss-Wright worth $10,158,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC lifted its holdings in Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 94 shares during the period. Minot DeBlois Advisors LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $35,000. Private Trust Co. NA raised its holdings in Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the period. Ancora Advisors LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after purchasing an additional 124 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president owned 3,863 shares of the company's stock, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction on 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 $2,026,304. The trade was 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.

Curtiss-Wright Trading Down 1.1%

Curtiss-Wright stock traded down $5.14 during mid-day trading on Wednesday, hitting $477.21. The company's stock had a trading volume of 74,748 shares, compared to its average volume of 310,874. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09. The stock's fifty day moving average is $486.20 and its two-hundred day moving average is $407.22. The firm has a market capitalization of $17.98 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.93 and a beta of 1.15. 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 (NYSE:CW - Get Free Report) last announced 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. 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 analyst estimates of $855.10 million. During the same quarter in the prior year, the company posted $2.67 EPS. The company's quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Truist Financial dropped their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Citigroup boosted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus boosted their price target on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Finally, Morgan Stanley increased their price target 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.