2,100 Shares in Curtiss-Wright Corporation $CW Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, HoldingsChannel reports. The institutional investor bought 2,100 shares of the aerospace company’s stock, valued at approximately $1,591,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CW. Quantbot Technologies LP purchased a new position in shares of Curtiss-Wright during the second quarter valued at $30,000. Cary Street Partners Investment Advisory LLC purchased a new position in Curtiss-Wright during the 4th quarter valued at about $31,000. Larson Financial Group LLC increased its position in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the period. Transamerica Financial Advisors LLC raised 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 valued at $40,000 after purchasing an additional 15 shares in the last quarter. Finally, Signature Equity Partners LLC lifted its position in shares of Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 35 shares during the period. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction dated 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 owned 48,134 shares of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’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 completion of the sale, the vice president owned 2,172 shares in the company, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their position. 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 three months. 0.51% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

CW opened at $634.55 on Monday. The company has a market cap of $23.43 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87. 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’s 50-day moving average price is $734.68 and its 200-day moving average price is $716.27. Curtiss-Wright Corporation has a 52-week low of $465.51 and a 52-week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The business had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $3.23 earnings per share. As a group, equities analysts anticipate that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Morgan Stanley restated an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Citigroup increased their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $782.50.

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.