Capstone Investment Advisors LLC Makes New $6.26 Million Investment in Curtiss-Wright Corporation $CW

Capstone Investment Advisors LLC acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, HoldingsChannel reports. The fund acquired 8,259 shares of the aerospace company’s stock, valued at approximately $6,258,000.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth about $30,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Curtiss-Wright in the 4th quarter worth about $31,000. Fiduciary Financial Advisors purchased a new stake in Curtiss-Wright during the 2nd quarter worth approximately $31,000. Larson Financial Group LLC raised its holdings in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 21 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 15 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CW shares. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a report on Wednesday, August 12th. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Citigroup increased 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $782.50.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $605.70 on Friday. Curtiss-Wright Corporation has a one year low of $465.51 and a one year high of $808.16. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 2.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The business’s 50 day moving average price is $721.95 and its 200 day moving average price is $715.43.

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

Insider Activity

In related news, VP Gary A. Ogilby sold 399 shares of the company’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 completion of the sale, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 1,035 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. The trade was a 27.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,934 shares of company stock valued at $2,733,499. 0.51% of the stock is currently owned by insiders.

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.