Wellington Management Group LLP Acquires 9,569 Shares of Curtiss-Wright Corporation $CW

Wellington Management Group LLP grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,250 shares of the aerospace company’s stock after purchasing an additional 9,569 shares during the quarter. Wellington Management Group LLP owned about 0.50% of Curtiss-Wright worth $60,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CW. Whipplewood Advisors LLC raised its holdings in shares of Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 94 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in Curtiss-Wright in the 4th quarter worth $35,000. Private Trust Co. NA raised its holdings in Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 138 shares during the period. Ancora Advisors LLC bought a new position in Curtiss-Wright in the 4th quarter worth $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company’s stock worth $63,000 after acquiring an additional 124 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $479.8510 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 2.97 and a beta of 1.18. The company’s fifty day moving average is $484.26 and its two-hundred day moving average is $400.14. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $517.09.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. During the same period in the previous year, the business earned $2.67 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Insider Activity

In other news, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. The trade was a 29.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,460 shares of company stock worth $1,586,767. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on CW shares. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Truist Financial dropped their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a report on Friday, July 11th. Finally, Citigroup raised their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $468.14.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.