Wealthspan Partners LLC Acquires Shares of 800 Curtiss-Wright Corporation $CW

Wealthspan Partners LLC purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 800 shares of the aerospace company’s stock, valued at approximately $606,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after purchasing an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Curtiss-Wright during the second quarter valued at $235,000. Northwestern Mutual Wealth Management Co. raised its position in Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after buying an additional 35 shares during the period. Marshall Wace LLP acquired a new position in Curtiss-Wright during the second quarter valued at $5,423,000. Finally, Cresset Asset Management LLC lifted its stake in Curtiss-Wright by 46.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after acquiring an additional 457 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on CW shares. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research report on Wednesday. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Citigroup boosted their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $782.50.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president directly owned 2,172 shares of the company’s stock, valued at $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $698.64 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. Curtiss-Wright Corporation has a fifty-two week low of $465.51 and a fifty-two week high of $808.16. The stock’s 50-day moving average is $741.61 and its two-hundred day moving average is $716.01. The firm has a market cap of $25.80 billion, a P/E ratio of 48.08, a PEG ratio of 3.15 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. The business had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.23 EPS. Analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

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.