751 Shares in Curtiss-Wright Corporation $CW Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 751 shares of the aerospace company’s stock, valued at approximately $569,000.

Other large investors have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after purchasing an additional 16,962 shares during the last quarter. Invesco Ltd. raised its position in Curtiss-Wright by 7.9% during the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock worth $671,231,000 after purchasing an additional 88,688 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Curtiss-Wright by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after buying an additional 47,287 shares during the period. AQR Capital Management LLC lifted its holdings in Curtiss-Wright by 9.3% during the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock worth $293,972,000 after buying an additional 45,589 shares during the period. Finally, Norges Bank bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $290,633,000. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $782.50.

Insider Activity

In other news, 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 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. This represents a 4.94% decrease in their ownership of the stock. The sale 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 220 shares of the stock in a transaction on Wednesday, May 27th. The stock was 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 in the company, valued at approximately $2,983,029.42. This represents a 5.26% 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 sold a total of 3,119 shares of company stock worth $2,257,998 over the last quarter. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright Price Performance

CW stock opened at $673.19 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The company’s 50-day moving average is $739.32 and its 200-day moving average is $716.52. The stock has a market capitalization of $24.86 billion, a PE ratio of 46.33, a price-to-earnings-growth ratio of 3.14 and a beta of 0.87. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The business had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.23 EPS. Equities research analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

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.