Legal & General Group Plc Makes New $103.33 Million Investment in Curtiss-Wright Corporation $CW

Legal & General Group Plc bought a new position in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 136,358 shares of the aerospace company’s stock, valued at approximately $103,327,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Curtiss-Wright in the 2nd quarter valued at approximately $30,000. Fiduciary Financial Advisors acquired a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $31,000. Elevation Wealth Partners LLC lifted its position in shares of Curtiss-Wright by 237.5% during 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. Cary Street Partners Investment Advisory LLC bought a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $31,000. Finally, Signature Equity Partners LLC boosted its stake in Curtiss-Wright by 140.0% in 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. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of analyst reports. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Citigroup lifted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Weiss Ratings raised shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus price target of $782.50.

Curtiss-Wright Stock Down 2.2%

Shares of CW opened at $605.70 on Friday. The company has a market capitalization of $22.37 billion, a P/E ratio of 41.69, a PEG ratio of 2.79 and a beta of 0.87. Curtiss-Wright Corporation has a one year low of $465.51 and a one year high of $808.16. The business’s 50 day simple moving average is $721.95 and its 200-day simple moving average is $715.43. 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 (NYSE:CW) last released its quarterly earnings results 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 return on equity of 20.49% and a net margin of 14.81%.The firm had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. During the same period last year, the firm posted $3.23 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the SEC, which is available at 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 Curtiss-Wright stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the sale, 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 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. Over the last quarter, insiders have sold 3,934 shares of company stock worth $2,733,499. 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.