Walleye Capital LLC Takes Position in Curtiss-Wright Corporation $CW

Walleye Capital LLC acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,412 shares of the aerospace company’s stock, valued at approximately $3,343,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth $31,000. Larson Financial Group LLC lifted its stake in shares of Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after buying an additional 15 shares in the last quarter. Signature Equity Partners LLC lifted its stake in shares of Curtiss-Wright by 140.0% during the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after buying an additional 35 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in Curtiss-Wright by 237.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock worth $41,000 after buying an additional 38 shares during the period. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

NYSE CW opened at $698.64 on Friday. The business’s 50 day moving average price is $741.61 and its 200-day moving average price is $715.55. Curtiss-Wright Corporation has a fifty-two week low of $465.51 and a fifty-two week high of $808.16. The company has a market cap of $25.80 billion, a P/E ratio of 48.08, a P/E/G ratio of 3.11 and a beta of 0.87. 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 issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $926.17 million. During the same period last year, the company earned $3.23 earnings per share. Curtiss-Wright’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on CW shares. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup raised 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. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $782.50.

Curtiss-Wright Company 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.