Diversify Advisory Services LLC Takes $5.33 Million Position in Curtiss-Wright Corporation $CW

Diversify Advisory Services LLC bought a new position in Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, Holdings Channel.com reports. The firm bought 7,158 shares of the aerospace company’s stock, valued at approximately $5,325,000.

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

Curtiss-Wright Price Performance

Shares of CW stock opened at $693.97 on Wednesday. The business’s fifty day moving average is $740.29 and its 200 day moving average is $716.46. 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 stock has a market cap of $25.63 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 3.15 and a beta of 0.87. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16.

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

Insider Activity at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock valued at $2,257,998 in the last three months. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CW shares. Weiss Ratings downgraded Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Citigroup lifted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Morgan Stanley restated an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $782.50.

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.