Proficio Capital Partners LLC Buys Shares of 1,246 Curtiss-Wright Corporation $CW

Proficio Capital 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 Form 13F filing with the Securities & Exchange Commission. The fund bought 1,246 shares of the aerospace company’s stock, valued at approximately $944,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Transamerica Financial Advisors LLC boosted its stake 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 valued at $40,000 after purchasing an additional 15 shares in the last quarter. IFP Advisors Inc increased its position 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 purchasing an additional 16 shares in the last quarter. Summit Financial LLC increased its position 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 purchasing an additional 16 shares in the last quarter. VestGen Investment Management lifted its stake in Curtiss-Wright by 0.9% in the 4th quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock valued at $1,031,000 after purchasing an additional 17 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC boosted its position 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 in the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research reports. Citigroup boosted their target price 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. Stifel Nicolaus raised their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research report on Wednesday, August 12th. Three investment 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, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $782.50.

Curtiss-Wright Trading Down 1.0%

Shares of NYSE CW opened at $576.61 on Wednesday. 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 Corporation has a 52-week low of $465.51 and a 52-week high of $808.16. The firm has a 50 day moving average price of $710.43 and a two-hundred day moving average price of $714.17. The stock has a market cap of $21.29 billion, a P/E ratio of 39.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.85.

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 forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the company’s 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 sale, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the sale, the executive vice president directly 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,034 shares of company stock valued at $2,793,173 in the last quarter. 0.51% of the stock is currently owned by company insiders.

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.