Caisse de depot et placement du Quebec Takes $34.99 Million Position in Curtiss-Wright Corporation $CW

Caisse de depot et placement du Quebec acquired a new position in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, Holdings Channel.com reports. The fund acquired 46,178 shares of the aerospace company’s stock, valued at approximately $34,992,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CW. Goldman Sachs Group Inc. increased its position in Curtiss-Wright by 10.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after buying an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Curtiss-Wright in the second quarter worth about $235,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 35 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Curtiss-Wright during the second quarter valued at about $5,423,000. Finally, Cresset Asset Management LLC increased its holdings in shares of Curtiss-Wright by 46.4% during the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock valued at $705,000 after acquiring an additional 457 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of Curtiss-Wright stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the transaction, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. The trade was a 27.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gary A. Ogilby sold 399 shares of the business’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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,934 shares of company stock valued at $2,733,499. Insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CW. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Citigroup lifted their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus upped their target price on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $782.50.

Curtiss-Wright Stock Down 1.4%

CW stock opened at $597.28 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $718.27 and a two-hundred day moving average of $714.61. Curtiss-Wright Corporation has a 12 month low of $465.51 and a 12 month high of $808.16. The company has a market cap of $22.06 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 2.73 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) 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 business had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. During the same period in the prior year, the business earned $3.23 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

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.