Tower Research Capital LLC TRC Acquires Shares of 3,587 Curtiss-Wright Corp. (CW)
Tower Research Capital LLC TRC acquired a new position in shares of Curtiss-Wright Corp. (NYSE:CW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,587 shares of the company’s stock, valued at approximately $302,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Curtiss-Wright Corp. during the fourth quarter valued at approximately $41,921,000. Aperio Group LLC increased its position in shares of Curtiss-Wright Corp. by 44.1% in the first quarter. Aperio Group LLC now owns 11,691 shares of the company’s stock valued at $885,000 after buying an additional 3,579 shares in the last quarter. BlackRock Inc. increased its position in shares of Curtiss-Wright Corp. by 815.5% in the first quarter. BlackRock Inc. now owns 17,889 shares of the company’s stock valued at $1,353,000 after buying an additional 15,935 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Curtiss-Wright Corp. by 15.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,324,764 shares of the company’s stock valued at $100,245,000 after buying an additional 176,906 shares in the last quarter. Finally, Huntington Asset Advisors Inc. acquired a new position in shares of Curtiss-Wright Corp. during the first quarter valued at approximately $813,000. 77.11% of the stock is currently owned by institutional investors and hedge funds.
Shares of Curtiss-Wright Corp. (NYSE:CW) opened at 86.26 on Wednesday. Curtiss-Wright Corp. has a one year low of $60.73 and a one year high of $91.56. The stock’s 50 day moving average price is $89.00 and its 200 day moving average price is $82.44. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 22.46 and a beta of 1.24.
Curtiss-Wright Corp. (NYSE:CW) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The firm earned $532.80 million during the quarter, compared to analysts’ expectations of $523.84 million. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Curtiss-Wright Corp. will post $4.10 earnings per share for the current fiscal year.
CW has been the topic of several recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 price target (up from $89.00) on shares of Curtiss-Wright Corp. in a research report on Monday, June 13th. Zacks Investment Research raised Curtiss-Wright Corp. from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Wednesday, June 1st. Finally, William Blair started coverage on Curtiss-Wright Corp. in a report on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 price objective on the stock.
In other Curtiss-Wright Corp. news, Director William W. Dr Sihler sold 797 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $82.06, for a total value of $65,401.82. Following the sale, the director now owns 7,521 shares in the company, valued at $617,173.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Tom P. Quinly sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $89.78, for a total value of $763,130.00. Following the completion of the sale, the vice president now owns 27,258 shares in the company, valued at approximately $2,447,223.24. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
About Curtiss-Wright Corp.
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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