Susquehanna Fundamental Investments LLC Grows Stock Position in Curtiss-Wright Corporation $CW

Susquehanna Fundamental Investments LLC lifted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 166.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,704 shares of the aerospace company’s stock after buying an additional 6,062 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Curtiss-Wright were worth $7,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Curtiss-Wright during the second quarter valued at approximately $30,000. Quantbot Technologies LP purchased a new position in shares of Curtiss-Wright during the 2nd quarter worth $30,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter worth $31,000. Fiduciary Financial Advisors bought a new stake in shares of Curtiss-Wright during the 2nd quarter valued at $31,000. Finally, Larson Financial Group LLC increased its stake in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CW. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a report on Friday, May 8th. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $581.04 on Tuesday. The company has a market capitalization of $21.46 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 2.69 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 stock’s 50-day simple moving average is $714.20 and its 200-day simple moving average is $714.58. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16.

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

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of Curtiss-Wright stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares in the company, valued at approximately $1,694,842.56. The trade was a 27.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction 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. The trade was a 15.52% 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 three months, insiders have sold 4,034 shares of company stock worth $2,793,173. 0.51% of the stock is currently owned by corporate insiders.

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.