3,599 Shares in Curtiss-Wright Corporation $CW Acquired by Bank of Nova Scotia

Bank of Nova Scotia bought a new stake in Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, Holdings Channel.com reports. The firm bought 3,599 shares of the aerospace company’s stock, valued at approximately $2,727,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Curtiss-Wright in the second quarter valued at $30,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright during the 4th quarter valued at about $31,000. Larson Financial Group LLC grew its stake in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. Transamerica Financial Advisors LLC grew its stake in Curtiss-Wright by 25.9% during the fourth 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. Finally, Signature Equity Partners LLC increased its holdings in Curtiss-Wright by 140.0% in the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CW. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research note on Wednesday, August 12th. Citigroup boosted 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. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus price target of $782.50.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the transaction, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the sale, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $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. 0.51% of the stock is currently owned by company insiders.

Curtiss-Wright Trading Up 1.4%

NYSE CW opened at $618.45 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16. The business has a 50 day moving average price of $725.45 and a 200-day moving average price of $715.74. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 2.75 and a beta of 0.87.

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