OneDigital Investment Advisors LLC Acquires New Shares in Curtiss-Wright Corporation $CW

OneDigital Investment Advisors LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 854 shares of the aerospace company’s stock, valued at approximately $647,000.

Other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of Curtiss-Wright by 114.8% during the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after acquiring an additional 5,749 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Curtiss-Wright in the 4th quarter worth approximately $1,104,000. Northwestern Mutual Wealth Management Co. boosted its position in Curtiss-Wright by 39,282.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock worth $35,605,000 after purchasing an additional 64,423 shares during the period. Catalyst Funds Management Pty Ltd boosted its position in Curtiss-Wright by 72.8% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock worth $4,097,000 after purchasing an additional 3,132 shares during the period. Finally, M&T Bank Corp grew its holdings in Curtiss-Wright by 5,993.0% during the fourth quarter. M&T Bank Corp now owns 77,868 shares of the aerospace company’s stock valued at $42,926,000 after purchasing an additional 76,590 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Curtiss-Wright Trading Down 0.3%

Shares of CW opened at $693.97 on Wednesday. Curtiss-Wright Corporation has a 12-month low of $465.51 and a 12-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 firm has a market capitalization of $25.63 billion, a price-to-earnings ratio of 47.76, a P/E/G ratio of 3.15 and a beta of 0.87. The stock’s 50-day moving average price is $740.29 and its 200 day moving average price is $716.46.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, August 6th. The aerospace company reported $3.72 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 analysts’ expectations of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.Curtiss-Wright’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $3.23 earnings per share. As a group, research analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their position. 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 a total of 3,119 shares of company stock worth $2,257,998 in the last three months. Insiders own 0.51% of the company’s stock.

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.