Edmond DE Rothschild Holding S.A. Invests $2.01 Million in Curtiss-Wright Corporation $CW

Edmond DE Rothschild Holding S.A. purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 2,654 shares of the aerospace company’s stock, valued at approximately $2,011,000.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $3,448,649,000. State Street Corp raised its position in shares of Curtiss-Wright by 1.2% during 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. lifted its holdings in Curtiss-Wright by 7.9% in the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after acquiring an additional 88,688 shares during the last quarter. Geode Capital Management LLC grew its position in Curtiss-Wright by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after acquiring an additional 47,287 shares during the period. Finally, AQR Capital Management LLC increased its stake in Curtiss-Wright by 9.3% during the fourth quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock worth $293,972,000 after acquiring an additional 45,589 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $649.78 on Friday. 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 $24.00 billion, a PE ratio of 44.72, a price-to-earnings-growth ratio of 3.04 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The firm has a fifty day moving average price of $737.15 and a 200 day moving average price of $716.48.

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

Insider Buying and Selling at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, 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 $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the 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 sale, the executive vice president directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock valued at $2,257,998 in the last ninety days. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Citigroup raised their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $782.50.

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.