Corient Private Wealth LP Makes New Investment in Curtiss-Wright Corporation $CW

Corient Private Wealth LP bought a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,459 shares of the aerospace company’s stock, valued at approximately $20,040,000. Corient Private Wealth LP owned about 0.07% of Curtiss-Wright at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transamerica Financial Advisors LLC lifted its holdings in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares during the last quarter. IFP Advisors Inc grew its stake in Curtiss-Wright by 2.3% during the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after buying an additional 16 shares during the last quarter. Summit Financial LLC grew its stake in Curtiss-Wright by 2.3% during the 4th quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after buying an additional 16 shares during the last quarter. VestGen Investment Management increased its position in Curtiss-Wright by 0.9% in the fourth quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock worth $1,031,000 after buying an additional 17 shares during the period. Finally, Jackson Thornton Wealth Management LLC lifted its stake in Curtiss-Wright by 4.9% in the first quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock valued at $298,000 after buying an additional 19 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CW has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Weiss Ratings upgraded shares of 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 target on Curtiss-Wright in a report on Wednesday, August 12th. Finally, Citigroup boosted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the stock 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $782.50.

Curtiss-Wright Price Performance

NYSE:CW opened at $597.28 on Friday. The business’s 50-day moving average price is $718.27 and its 200 day moving average price is $714.61. The firm has a market cap of $22.06 billion, a P/E ratio of 41.11, a PEG ratio of 2.73 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 quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27.

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 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 firm had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same period in the previous year, the business earned $3.23 earnings per share. Curtiss-Wright’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Insider Transactions at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction that occurred on 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. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,934 shares of company stock valued at $2,733,499 in the last quarter. Insiders own 0.51% of the company’s stock.

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.