Ieq Capital LLC Makes New $18.60 Million Investment in Curtiss-Wright Corporation $CW

Ieq Capital LLC acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 24,545 shares of the aerospace company’s stock, valued at approximately $18,599,000.

Other large investors have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC purchased a new stake in Curtiss-Wright during the 4th quarter valued at $31,000. Larson Financial Group LLC boosted its holdings in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares during the period. Signature Equity Partners LLC grew its position in 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. Finally, Elevation Wealth Partners LLC raised its stake in Curtiss-Wright by 237.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock valued at $41,000 after buying an additional 38 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CW. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research note on Wednesday, August 12th. Weiss Ratings downgraded Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Morgan Stanley restated an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Finally, Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. 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.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $782.50.

Curtiss-Wright Price Performance

NYSE:CW opened at $634.55 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $23.43 billion, a P/E ratio of 43.67, a P/E/G ratio of 2.86 and a beta of 0.87. Curtiss-Wright Corporation has a 12 month low of $465.51 and a 12 month high of $808.16. The business’s 50-day moving average is $734.68 and its 200 day moving average is $715.90.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. The firm had revenue of $924.01 million for 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 revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.23 EPS. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Insider Activity

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the company’s 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 transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This represents a 5.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 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 transaction, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was a 4.94% 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. Over the last 90 days, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by insiders.

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.