Corient Private Wealth LP Takes $20.04 Million Position in Curtiss-Wright Corporation $CW

Corient Private Wealth LP purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 26,459 shares of the aerospace company’s stock, valued at approximately $20,040,000.

A number of other institutional investors have also recently bought and sold shares of CW. BlackRock Inc. purchased a new position in shares of Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. Pacer Advisors Inc. lifted its stake in Curtiss-Wright by 114.8% in the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock worth $5,931,000 after acquiring an additional 5,749 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Curtiss-Wright in the fourth quarter valued at $1,104,000. Northwestern Mutual Wealth Management Co. increased its position in Curtiss-Wright by 39,282.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock valued at $35,605,000 after purchasing an additional 64,423 shares during the period. Finally, Catalyst Funds Management Pty Ltd raised its holdings in Curtiss-Wright by 72.8% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock worth $4,097,000 after purchasing an additional 3,132 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $597.28 on Friday. 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 $718.27 and its two-hundred day simple moving average is $714.61. The stock has a market cap of $22.06 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 2.73 and a beta of 0.87. 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) last released its 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. 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 during the quarter, compared to analyst estimates of $926.17 million. During the same period last year, the business earned $3.23 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. Analysts anticipate that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

CW has been the topic of a number of research reports. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Wall Street Zen downgraded shares of 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 objective on shares of Curtiss-Wright in a report on Wednesday, August 12th. Stifel Nicolaus upped their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued 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, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $782.50.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock in a transaction on Tuesday, June 9th. The stock was 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 in the company, valued at approximately $1,568,075.40. This represents a 15.52% 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. Over the last three months, insiders have sold 3,934 shares of company stock valued at $2,733,499. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright 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.