Public Employees Retirement System of Ohio Acquires New Stake in Curtiss-Wright Corporation $CW

Public Employees Retirement System of Ohio purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,950 shares of the aerospace company’s stock, valued at approximately $9,055,000.

A number of other hedge funds also recently made changes to their positions in the stock. Transamerica Financial Advisors LLC lifted its position in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares during the period. IFP Advisors Inc raised its stake in Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after buying an additional 16 shares during the last quarter. Summit Financial LLC lifted its holdings in Curtiss-Wright by 2.3% in the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock valued at $384,000 after buying an additional 16 shares during the period. VestGen Investment Management boosted its position in Curtiss-Wright by 0.9% during the fourth quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock valued at $1,031,000 after acquiring an additional 17 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC boosted its position in Curtiss-Wright by 4.9% during the first quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 19 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Larry D. Wyche sold 100 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the sale, the director owned 1,414 shares in the company, valued at approximately $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Gary A. Ogilby sold 399 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the sale, the vice president directly owned 2,172 shares of the company’s stock, 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. In the last ninety days, insiders sold 4,034 shares of company stock valued at $2,793,173. 0.51% of the stock is owned by company insiders.

Curtiss-Wright Stock Down 2.6%

Curtiss-Wright stock opened at $581.04 on Tuesday. The firm has a market capitalization of $21.46 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 2.69 and a beta of 0.87. The firm’s fifty day moving average price is $714.20 and its two-hundred day moving average price is $714.58. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on CW. Stifel Nicolaus upped their target price on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Citigroup raised their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Morgan Stanley reiterated an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $782.50.

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.