Sigma Planning Corp Makes New $1.19 Million Investment in Curtiss-Wright Corporation $CW

Sigma Planning Corp bought a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,567 shares of the aerospace company’s stock, valued at approximately $1,188,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in shares of Curtiss-Wright in the second quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Curtiss-Wright in the second quarter worth $30,000. Fiduciary Financial Advisors bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $31,000. Elevation Wealth Partners LLC boosted its position in shares of Curtiss-Wright by 237.5% during the second quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock valued at $41,000 after buying an additional 38 shares during the period. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $31,000. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Citigroup raised their price target 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. Morgan Stanley reiterated an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Price Performance

CW opened at $576.61 on Wednesday. Curtiss-Wright Corporation has a 12-month low of $465.51 and a 12-month high of $808.16. 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 business’s fifty day simple moving average is $710.43 and its 200-day simple moving average is $714.17. The company has a market capitalization of $21.29 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 2.63 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.62 by $0.10. The firm had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.23 earnings per share. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Curtiss-Wright news, 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 transaction of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their position. 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. Insiders have sold 4,034 shares of company stock worth $2,793,173 in the last three months. Corporate insiders own 0.51% of the company’s stock.

About Curtiss-Wright

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.