S&CO Inc. Invests $1.80 Million in Curtiss-Wright Corporation $CW

S&CO Inc. purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,372 shares of the aerospace company’s stock, valued at approximately $1,797,000.

A number of other large investors have also made changes to their positions in the company. Bridgewater Advisors Inc. bought a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $290,000. Oppenheimer Asset Management Inc. bought a new position in Curtiss-Wright during the second quarter worth about $3,982,000. Walleye Capital LLC bought a new position in Curtiss-Wright during the second quarter worth about $3,343,000. Wedge Capital Management L L P NC grew its stake in Curtiss-Wright by 17.3% in the second quarter. Wedge Capital Management L L P NC now owns 105,608 shares of the aerospace company’s stock valued at $80,026,000 after acquiring an additional 15,563 shares during the period. Finally, Generali Investments Management Co LLC grew its stake in Curtiss-Wright by 65.8% in the second quarter. Generali Investments Management Co LLC now owns 378 shares of the aerospace company’s stock valued at $286,000 after acquiring an additional 150 shares during the period. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 2,500 shares of the 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 directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the sale, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock worth $2,257,998 over the last ninety days. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley reiterated an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Citigroup boosted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $782.50.

Curtiss-Wright Stock Up 1.4%

CW stock opened at $698.64 on Friday. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 48.08, a P/E/G 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 business has a 50 day moving average price of $741.61 and a two-hundred day moving average price of $715.55. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same quarter in the prior year, the business posted $3.23 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Analysts anticipate 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.