Osmosis Investment Management UK Ltd Takes Position in Curtiss-Wright Corporation $CW

Osmosis Investment Management UK Ltd purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, HoldingsChannel reports. The firm purchased 885 shares of the aerospace company’s stock, valued at approximately $671,000.

A number of other hedge funds have also recently added to or reduced their stakes in CW. BlackRock Inc. bought a new position in Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. State Street Corp lifted its stake in Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after acquiring an additional 16,962 shares during the last quarter. Invesco Ltd. grew its position in Curtiss-Wright by 7.9% in the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock worth $671,231,000 after acquiring an additional 88,688 shares in 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 in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Curtiss-Wright by 9.3% during the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock worth $293,972,000 after purchasing an additional 45,589 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity

In other news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% 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. Company insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a report on Wednesday, August 12th. Morgan Stanley reissued an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Stifel Nicolaus raised their target price on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Citigroup boosted their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $782.50.

Curtiss-Wright Stock Performance

NYSE:CW opened at $609.52 on Wednesday. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16. The firm’s fifty day simple moving average is $728.62 and its 200 day simple moving average is $715.75. 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 firm has a market capitalization of $22.51 billion, a PE ratio of 41.95, a PEG ratio of 2.77 and a beta of 0.87.

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

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.