Sigma Planning Corp Invests $1.19 Million in Curtiss-Wright Corporation $CW

Sigma Planning Corp purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, HoldingsChannel reports. The firm purchased 1,567 shares of the aerospace company’s stock, valued at approximately $1,188,000.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Curtiss-Wright during the second quarter worth about $3,448,649,000. State Street Corp increased its holdings 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 valued at $780,091,000 after purchasing an additional 16,962 shares during the last quarter. Invesco Ltd. raised its holdings in shares of 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 acquiring an additional 88,688 shares during the period. Geode Capital Management LLC raised its stake in Curtiss-Wright by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after purchasing an additional 47,287 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Curtiss-Wright by 9.3% during the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock valued at $293,972,000 after buying an additional 45,589 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research note on Wednesday, August 12th. Stifel Nicolaus lifted their target price on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $782.50.

Insider Transactions at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 1,035 shares of Curtiss-Wright 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,034 shares of company stock worth $2,793,173 over the last quarter. 0.51% of the stock is owned by corporate insiders.

Curtiss-Wright Stock Performance

NYSE:CW opened at $576.61 on Wednesday. Curtiss-Wright Corporation has a fifty-two week low of $465.51 and a fifty-two week high of $808.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The company has a 50 day moving average price of $710.43 and a 200 day moving average price of $714.17. The stock has a market capitalization of $21.29 billion, a P/E ratio of 39.68, a PEG ratio of 2.63 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last released 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 return on equity of 20.49% and a net margin of 14.81%.The company had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same period in the prior year, the firm earned $3.23 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current 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.