UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 18.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,023 shares of the aerospace company's stock after purchasing an additional 27,441 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.48% of Curtiss-Wright worth $134,141,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of CW. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Curtiss-Wright in the second quarter valued at $30,000. Quantbot Technologies LP acquired a new stake in Curtiss-Wright during the 2nd quarter worth about $30,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Curtiss-Wright in the 4th quarter worth about $31,000. Fiduciary Financial Advisors acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $31,000. Finally, Larson Financial Group LLC lifted 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 purchasing an additional 21 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Curtiss-Wright
In related news, EVP John C. Watts sold 1,035 shares of Curtiss-Wright stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares of the company's stock, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 2,500 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,034 shares of company stock worth $2,793,173 over the last 90 days. 0.51% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on CW shares. Weiss Ratings upgraded Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a report on Wednesday, August 12th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a "hold" rating in a research note on Monday, July 20th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $782.50.
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Curtiss-Wright Stock Down 1.0%
Curtiss-Wright stock opened at $576.61 on Wednesday. Curtiss-Wright Corporation has a fifty-two week low of $465.51 and a fifty-two week high of $808.16. The firm's 50-day simple moving average is $710.43 and its 200 day simple moving average is $714.17. The stock has a market cap of $21.29 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60.
Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same quarter last year, the company posted $3.23 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.
About Curtiss-Wright
(
Free Report)
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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