OneDigital Investment Advisors LLC Takes $647,000 Position in Curtiss-Wright Corporation $CW

OneDigital Investment Advisors LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, HoldingsChannel reports. The firm purchased 854 shares of the aerospace company’s stock, valued at approximately $647,000.

Several other institutional investors have also recently bought and sold shares of CW. Transamerica Financial Advisors LLC lifted its holdings in Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after buying an additional 15 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Curtiss-Wright by 2.3% in the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after buying an additional 16 shares during the period. Summit Financial LLC raised its position in shares of Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after acquiring an additional 16 shares during the last quarter. VestGen Investment Management raised its position in shares of Curtiss-Wright by 0.9% during the fourth quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock worth $1,031,000 after acquiring an additional 17 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC lifted its stake in shares of Curtiss-Wright by 4.9% during the first quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 19 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.3%

CW opened at $693.97 on Wednesday. The firm’s fifty day moving average is $740.29 and its two-hundred day moving average is $716.46. The firm has a market cap of $25.63 billion, a PE ratio of 47.76, a price-to-earnings-growth ratio of 3.15 and a beta of 0.87. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. 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 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. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. During the same quarter in the previous year, the business earned $3.23 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Insider Buying and Selling at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the sale, the vice president owned 2,172 shares of the company’s stock, valued at $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the transaction, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. This trade represents a 4.94% 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 ninety days, insiders sold 3,119 shares of company stock valued at $2,257,998. Company insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Wall Street Zen lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup lifted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $782.50.

About Curtiss-Wright

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.