Cetera Trust Company N.A Purchases Shares of 1,430 Curtiss-Wright Corporation $CW

Cetera Trust Company N.A purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, Holdings Channel.com reports. The firm purchased 1,430 shares of the aerospace company’s stock, valued at approximately $1,084,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $30,000. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC boosted its holdings 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 purchasing an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares during the last quarter. Finally, Signature Equity Partners LLC increased its stake in Curtiss-Wright by 140.0% in the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 35 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 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 can be accessed 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 the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction 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 three months, insiders have sold 3,119 shares of company stock valued at $2,257,998. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CW. Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Citigroup increased their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Morgan Stanley reissued an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Price Performance

CW stock opened at $614.51 on Tuesday. 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 company has a market capitalization of $22.69 billion, a P/E ratio of 42.29, a PEG ratio of 2.86 and a beta of 0.87. The business has a 50 day simple moving average of $731.72 and a 200-day simple moving average of $715.86. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16.

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