Global Retirement Partners LLC Makes New Investment in Curtiss-Wright Corporation $CW

Global Retirement Partners LLC acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,396 shares of the aerospace company’s stock, valued at approximately $1,058,000.

A number of other institutional investors have also recently made changes to their positions in CW. Norges Bank purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth about $290,633,000. Corient Private Wealth LLC grew its holdings in Curtiss-Wright by 6,169.8% during the 4th quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after buying an additional 400,047 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Curtiss-Wright in the 2nd quarter worth approximately $270,458,000. Franklin Resources Inc. increased its stake in Curtiss-Wright by 61.0% in the 4th quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock worth $270,392,000 after acquiring an additional 185,887 shares during the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $108,311,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction dated 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 approximately $34,739,270.48. This represents a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the sale, 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. In the last ninety days, insiders sold 3,119 shares of company stock valued at $2,257,998. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $693.97 on Wednesday. The firm has a market capitalization of $25.63 billion, a PE ratio of 47.76, a PEG ratio of 3.15 and a beta of 0.87. The stock’s fifty day moving average is $740.29 and its 200 day moving average is $716.46. Curtiss-Wright Corporation has a fifty-two week low of $465.51 and a fifty-two week high of $808.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60.

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

Analysts Set New Price Targets

CW has been the subject of a number of research reports. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup boosted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. 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. Morgan Stanley reiterated an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Finally, Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright 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.