Freemont Management S.A. raised its stake in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 200.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,900 shares of the aerospace company’s stock after purchasing an additional 2,600 shares during the period. Freemont Management S.A.’s holdings in Curtiss-Wright were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the stock. Clearstead Advisors LLC boosted its stake in Curtiss-Wright by 1.6% in the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after acquiring an additional 17 shares in the last quarter. Mayflower Financial Advisors LLC boosted its stake in Curtiss-Wright by 2.9% in the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock valued at $337,000 after acquiring an additional 17 shares in the last quarter. Huntington National Bank boosted its stake in Curtiss-Wright by 9.5% in the third quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock valued at $113,000 after acquiring an additional 18 shares in the last quarter. Larson Financial Group LLC boosted its stake in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 21 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Curtiss-Wright by 3.5% in the third quarter. IFP Advisors Inc now owns 683 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.
Insider Buying and Selling
In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,225 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total value of $2,182,357.50. Following the completion of the transaction, the chief executive officer directly owned 50,634 shares of the company’s stock, valued at approximately $34,264,027.80. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO K Christopher Farkas sold 918 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total transaction of $621,908.28. Following the completion of the transaction, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at approximately $3,738,224.28. This trade represents a 14.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,961 shares of company stock valued at $4,039,279 in the last 90 days. 0.51% of the stock is owned by corporate insiders.
Curtiss-Wright Trading Up 2.2%
Curtiss-Wright (NYSE:CW – Get Free Report) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. During the same period last year, the company posted $2.82 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Curtiss-Wright has set its FY 2026 guidance at 14.900-15.300 EPS. Equities research analysts expect that Curtiss-Wright Corporation will post 15.15 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Citigroup upped their target price on shares of Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Finally, Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $738.83.
Get Our Latest Analysis on Curtiss-Wright
About Curtiss-Wright
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.
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