Wealthspan Partners LLC Buys Shares of 800 Curtiss-Wright Corporation $CW

Wealthspan Partners LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 800 shares of the aerospace company’s stock, valued at approximately $606,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after purchasing an additional 20,379 shares during the period. Sivia Capital Partners LLC purchased a new position in Curtiss-Wright in the second quarter valued at $235,000. Northwestern Mutual Wealth Management Co. grew its holdings in Curtiss-Wright by 53.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 35 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $5,423,000. Finally, Cresset Asset Management LLC lifted its position in Curtiss-Wright by 46.4% in the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock valued at $705,000 after acquiring an additional 457 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research report on Wednesday. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus increased their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Trading Down 0.1%

Shares of NYSE CW opened at $698.64 on Monday. Curtiss-Wright Corporation has a 12-month low of $465.51 and a 12-month high of $808.16. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 48.08, a price-to-earnings-growth ratio of 3.15 and a beta of 0.87. 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 stock’s 50 day simple moving average is $741.61 and its 200 day simple moving average is $716.01.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping 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 firm had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same period last year, the company earned $3.23 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Insider Buying and Selling

In related news, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright 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 $1,568,075.40. This trade represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business’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 of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock valued at $2,257,998 in the last quarter. Company 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.