Globeflex Capital L P Takes $2.77 Million Position in Curtiss-Wright Corporation $CW

Globeflex Capital L P acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,650 shares of the aerospace company’s stock, valued at approximately $2,766,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Curtiss-Wright during the 2nd quarter worth approximately $3,448,649,000. Pacer Advisors Inc. increased its position in Curtiss-Wright by 114.8% in the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after acquiring an additional 5,749 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Curtiss-Wright during the fourth quarter valued at $1,104,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Curtiss-Wright by 39,282.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock valued at $35,605,000 after acquiring an additional 64,423 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd lifted its holdings in shares of Curtiss-Wright by 72.8% during the fourth 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 during the period. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Curtiss-Wright Trading Down 0.1%

NYSE CW opened at $634.55 on Monday. The stock has a market capitalization of $23.43 billion, a P/E ratio of 43.67, a P/E/G ratio of 2.86 and a beta of 0.87. The business has a 50 day simple moving average of $734.68 and a 200 day simple moving average of $716.27. 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 one year low of $465.51 and a one year high of $808.16.

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

Insider Activity at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the sale, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is owned by company 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.