Proficio Capital Partners LLC Invests $944,000 in Curtiss-Wright Corporation $CW

Proficio Capital Partners LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,246 shares of the aerospace company’s stock, valued at approximately $944,000.

A number of other large investors have also recently bought and sold shares of CW. Quantbot Technologies LP acquired a new position in shares of Curtiss-Wright in the second quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $31,000. Fiduciary Financial Advisors bought a new position in Curtiss-Wright in the 2nd quarter worth approximately $31,000. Larson Financial Group LLC lifted its stake in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Curtiss-Wright by 25.9% in 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 during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction that occurred 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 owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their position. 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, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright 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 transaction, the vice president directly owned 2,172 shares of the company’s stock, valued at $1,568,075.40. This trade represents a 15.52% 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. 0.51% of the stock is currently owned by insiders.

Curtiss-Wright Stock Up 1.4%

Shares of NYSE:CW opened at $618.45 on Thursday. The firm’s 50-day moving average is $725.45 and its two-hundred day moving average is $715.74. The firm has a market capitalization of $22.84 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87. 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 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, topping analysts’ consensus estimates 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 the consensus estimate of $926.17 million. During the same quarter in the previous year, the firm posted $3.23 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Analyst Ratings Changes

CW has been the subject of a number of research reports. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a report on Wednesday, August 12th. Morgan Stanley reissued an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. 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. Finally, Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average 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.