Elevation Point Wealth Partners LLC Takes Position in Curtiss-Wright Corporation $CW

Elevation Point Wealth Partners LLC bought a new position in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,100 shares of the aerospace company’s stock, valued at approximately $1,591,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CW. Daiichi Life Insurance Co. Ltd. purchased a new position in shares of Curtiss-Wright in the second quarter valued at about $1,292,000. Commerce Bank purchased a new stake in shares of Curtiss-Wright during the second quarter worth about $4,446,000. Pinnbrook Capital Management LP bought a new stake in Curtiss-Wright during the 2nd quarter valued at approximately $2,485,000. Northwestern Mutual Wealth Management Co. purchased a new position in Curtiss-Wright in the 2nd quarter worth approximately $1,433,000. Finally, Quantbot Technologies LP bought a new position in Curtiss-Wright in the 2nd quarter worth approximately $30,000. 82.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CW. Citigroup boosted their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Morgan Stanley reissued an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Stifel Nicolaus boosted 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. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Stock Performance

NYSE CW opened at $634.55 on Monday. The business’s 50 day moving average price is $734.68 and its 200-day moving average price is $716.27. 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 $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 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 posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, beating 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 business had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same quarter in the previous year, the business posted $3.23 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current year.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This represents a 5.26% decrease in their position. The sale was disclosed in a legal filing 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 the stock in a transaction 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 completion of the sale, 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,119 shares of company stock worth $2,257,998 over the last 90 days. Company insiders own 0.51% of the company’s stock.

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.