Proficio Capital Partners LLC Takes Position in Curtiss-Wright Corporation $CW

Proficio Capital Partners LLC acquired a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,246 shares of the aerospace company’s stock, valued at approximately $944,000.

A number of other hedge funds have also bought and sold shares of the company. Susquehanna Fundamental Investments LLC boosted its position in Curtiss-Wright by 166.4% during the second quarter. Susquehanna Fundamental Investments LLC now owns 9,704 shares of the aerospace company’s stock valued at $7,353,000 after acquiring an additional 6,062 shares during the last quarter. Sigma Planning Corp bought a new position in shares of Curtiss-Wright in the 2nd quarter worth about $1,188,000. Benjamin Edwards Inc. raised its position in shares of Curtiss-Wright by 15.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,856 shares of the aerospace company’s stock worth $2,165,000 after acquiring an additional 383 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $204,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Curtiss-Wright by 81.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the aerospace company’s stock valued at $1,433,000 after purchasing an additional 847 shares during the period. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of the firm’s stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,034 shares of company stock worth $2,793,173. 0.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CW shares. Citigroup raised their target price on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a report on Wednesday, August 12th. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $782.50.

Curtiss-Wright Price Performance

CW stock opened at $576.61 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The company’s 50-day moving average is $710.43 and its 200-day moving average is $714.17. The stock has a market capitalization 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. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16.

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

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.