Wealth High Governance Capital Ltda Acquires New Position in Curtiss-Wright Corporation $CW

Wealth High Governance Capital Ltda bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,566 shares of the aerospace company’s stock, valued at approximately $12,553,000. Curtiss-Wright comprises approximately 3.8% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 10th largest position.

Other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of Curtiss-Wright by 10.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $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 valued at about $235,000. Northwestern Mutual Wealth Management Co. grew its position in Curtiss-Wright by 53.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 35 shares during the last quarter. Marshall Wace LLP bought a new position in Curtiss-Wright in the second quarter valued at about $5,423,000. Finally, Cresset Asset Management LLC raised its stake in Curtiss-Wright by 46.4% during the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after acquiring an additional 457 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $634.55 on Monday. The company has a fifty day moving average price of $734.68 and a 200-day moving average price of $716.27. The company has a market capitalization of $23.43 billion, a P/E ratio of 43.67, a PEG ratio of 2.86 and a beta of 0.87. Curtiss-Wright Corporation has a 52-week low of $465.51 and a 52-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 issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $926.17 million. During the same quarter in the previous year, the business earned $3.23 earnings per share. Curtiss-Wright’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction dated Tuesday, June 9th. The stock was 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 approximately $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the transaction, the vice president 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock valued at $2,257,998 in the last three months. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CW shares. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Citigroup upped their price objective 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. Morgan Stanley reissued an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.