Wealth High Governance Capital Ltda Makes New $12.55 Million Investment in Curtiss-Wright Corporation $CW

Key Points

• Wealth High Governance Capital Ltda bought 16,566 Curtiss-Wright shares worth approximately $12.55 million, making the aerospace stock its 10th-largest holding and 3.8% of its portfolio.
• Curtiss-Wright reported quarterly EPS of $3.72, beating estimates by $0.10, while revenue rose 5.4% year over year to $924.01 million, slightly below expectations.
• The stock opened at $634.55, below its 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with a $782.50 target, while insiders sold about $2.26 million of shares over the past three months.

Wealth High Governance Capital Ltda purchased a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 16,566 shares of the aerospace company's stock, valued at approximately $12,553,000. Curtiss-Wright comprises approximately 3.8% of Wealth High Governance Capital Ltda's portfolio, making the stock its 10th biggest holding.

Several other institutional investors also recently modified their holdings of CW. Quantbot Technologies LP acquired a new stake in Curtiss-Wright in the 2nd quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright during the fourth quarter worth approximately $31,000. Larson Financial Group LLC raised its stake in Curtiss-Wright by 53.8% in the third 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. Transamerica Financial Advisors LLC raised its stake in Curtiss-Wright by 25.9% in the fourth 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. Finally, Signature Equity Partners LLC lifted its position in shares of Curtiss-Wright by 140.0% in the first 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 last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $634.55 on Monday. 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 simple moving average of $734.68 and a two-hundred day simple moving average of $716.27. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 43.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results 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 firm had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same quarter in the prior year, the business posted $3.23 EPS. The business's revenue was up 5.4% compared to the same quarter last year. Analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Insider Buying and Selling at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of the firm's stock in a transaction on 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president directly owned 2,172 shares of the company's stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,119 shares of company stock valued at $2,257,998 in the last three months. Corporate insiders own 0.51% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen downgraded Curtiss-Wright from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research note on Wednesday, August 12th. Weiss Ratings raised shares of Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Stifel Nicolaus boosted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $782.50.

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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