Pinnbrook Capital Management LP Purchases Shares of 3,280 Curtiss-Wright Corporation $CW

Pinnbrook Capital Management LP purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,280 shares of the aerospace company’s stock, valued at approximately $2,485,000.

Several other large investors also recently modified their holdings of CW. BlackRock Inc. bought a new position in shares of Curtiss-Wright during the 2nd quarter worth about $3,448,649,000. Pacer Advisors Inc. increased its position in Curtiss-Wright by 114.8% in the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after buying an additional 5,749 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Curtiss-Wright in the 4th quarter valued at about $1,104,000. Northwestern Mutual Wealth Management Co. raised its stake in Curtiss-Wright by 39,282.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock worth $35,605,000 after buying an additional 64,423 shares during the period. Finally, Catalyst Funds Management Pty Ltd boosted its holdings in Curtiss-Wright by 72.8% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock worth $4,097,000 after acquiring an additional 3,132 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $165,640.20. Following the completion of the sale, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. The trade was a 5.26% 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 sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup raised their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Stifel Nicolaus increased their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report 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 note on Wednesday, July 15th. Finally, Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Price Performance

CW stock opened at $634.55 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The business has a 50-day simple moving average of $734.68 and a two-hundred day simple moving average of $715.90. The company has a market capitalization of $23.43 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87. Curtiss-Wright Corporation has a 52-week low of $465.51 and a 52-week high of $808.16.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 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 the consensus estimate of $926.17 million. During the same period in the prior year, the business posted $3.23 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

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.