Diversify Advisory Services LLC Makes New Investment in Curtiss-Wright Corporation $CW

Diversify Advisory Services LLC purchased a new position in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,158 shares of the aerospace company’s stock, valued at approximately $5,325,000.

Other hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC bought a new position in Curtiss-Wright in the 4th quarter worth about $31,000. Larson Financial Group LLC increased its holdings in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. Transamerica Financial Advisors LLC increased its holdings in shares of Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares during the period. Signature Equity Partners LLC raised its position in shares of Curtiss-Wright by 140.0% in the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after buying an additional 35 shares in the last quarter. Finally, Elevation Wealth Partners LLC raised its position in shares of Curtiss-Wright by 237.5% in the second quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock worth $41,000 after buying an additional 38 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Down 0.3%

NYSE CW opened at $693.97 on Wednesday. The stock’s 50-day simple moving average is $740.29 and its two-hundred day simple moving average is $716.46. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $25.63 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 3.15 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. The firm had revenue of $924.01 million during 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 company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.23 earnings per share. Research analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer directly owned 48,134 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,119 shares of company stock worth $2,257,998 over the last ninety days. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CW. Morgan Stanley restated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a report on Wednesday, August 12th. Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Finally, Citigroup lifted their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $782.50.

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.