5,867 Shares in Curtiss-Wright Corporation $CW Purchased by Commerce Bank

Commerce Bank acquired a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,867 shares of the aerospace company’s stock, valued at approximately $4,446,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. State Street Corp grew its holdings in shares of Curtiss-Wright by 1.2% in the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after buying an additional 16,962 shares during the period. Invesco Ltd. grew its holdings in shares of Curtiss-Wright by 7.9% in the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after buying an additional 88,688 shares during the period. Geode Capital Management LLC increased its position in shares of Curtiss-Wright by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after buying an additional 47,287 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Curtiss-Wright by 9.3% in 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 in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

CW has been the topic of several recent analyst reports. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research report on Wednesday, August 12th. Morgan Stanley reiterated an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Finally, Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $782.50.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is owned by insiders.

Curtiss-Wright Price Performance

CW stock opened at $634.55 on Monday. The stock has a 50-day moving average price of $734.68 and a two-hundred day moving average price of $716.27. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16. The stock has a market cap of $23.43 billion, a PE ratio of 43.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.

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

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.