Sanctuary Advisors LLC Invests $5.02 Million in Curtiss-Wright Corporation $CW

Sanctuary Advisors LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, Holdings Channel.com reports. The firm bought 6,626 shares of the aerospace company’s stock, valued at approximately $5,021,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CW. Wealth High Governance Capital Ltda purchased a new position in Curtiss-Wright during the 2nd quarter valued at about $12,553,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Curtiss-Wright in the second quarter worth about $709,000. Globeflex Capital L P purchased a new stake in shares of Curtiss-Wright in the second quarter worth about $2,766,000. True Freedom Investing LLC bought a new position in shares of Curtiss-Wright in the second quarter valued at approximately $272,000. Finally, Bank of Nova Scotia purchased a new position in Curtiss-Wright during the second quarter valued at approximately $2,727,000. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CW shares. Morgan Stanley restated an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research note on Wednesday, August 12th. Stifel Nicolaus upped their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Finally, Citigroup raised their price target on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Three equities research 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.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $782.50.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $614.51 on Tuesday. The firm has a fifty day simple moving average of $731.72 and a two-hundred day simple moving average of $715.86. 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 Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The company has a market capitalization of $22.69 billion, a PE ratio of 42.29, a P/E/G ratio of 2.86 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last announced its quarterly 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 return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same period in the previous year, the firm earned $3.23 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Insider Buying and Selling

In other news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the sale, the executive vice president directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This trade represents a 4.94% 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. Insiders sold 3,119 shares of company stock valued at $2,257,998 over the last quarter. 0.51% of the stock is owned by company insiders.

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.