UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 27,441 Shares of Curtiss-Wright Corporation $CW

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 18.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 177,023 shares of the aerospace company’s stock after purchasing an additional 27,441 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Curtiss-Wright were worth $134,141,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CW. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Curtiss-Wright during the second quarter valued at about $30,000. Quantbot Technologies LP bought a new position in shares of Curtiss-Wright in the second quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $31,000. Fiduciary Financial Advisors purchased a new position in Curtiss-Wright during the second quarter valued at approximately $31,000. Finally, Larson Financial Group LLC grew its stake in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring 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

CW has been the topic of several recent analyst reports. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a report on Wednesday, August 12th. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Stifel Nicolaus boosted their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $782.50.

Insider Transactions at Curtiss-Wright

In related news, EVP John C. Watts sold 1,035 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the transaction, the executive vice president directly owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the sale, the director owned 1,414 shares of the company’s stock, valued at $843,790.36. The trade was a 6.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,034 shares of company stock valued at $2,793,173 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Down 1.0%

Shares of NYSE:CW opened at $576.61 on Wednesday. The firm has a market capitalization of $21.29 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. Curtiss-Wright Corporation has a 52-week low of $465.51 and a 52-week high of $808.16. The firm has a fifty day moving average of $710.43 and a 200 day moving average of $714.17.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, beating 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 business had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same quarter last year, the business posted $3.23 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal 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.