Wellington Management Group LLP Purchases 2,329 Shares of Curtiss-Wright Corporation $CW

Wellington Management Group LLP lifted its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,950 shares of the aerospace company’s stock after purchasing an additional 2,329 shares during the quarter. Wellington Management Group LLP owned 0.14% of Curtiss-Wright worth $40,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Curtiss-Wright during the second quarter worth about $3,448,649,000. State Street Corp increased its stake in Curtiss-Wright by 1.2% during the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after purchasing an additional 16,962 shares in the last quarter. Invesco Ltd. raised its holdings in Curtiss-Wright by 7.9% during the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock worth $671,231,000 after buying an additional 88,688 shares during the period. Geode Capital Management LLC raised its holdings in Curtiss-Wright by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after buying an additional 47,287 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Curtiss-Wright by 9.3% in the fourth quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock valued at $293,972,000 after buying an additional 45,589 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In related news, EVP John C. Watts sold 1,035 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the transaction, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. The trade was a 27.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction that occurred 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 owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $2,793,173. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

NYSE:CW opened at $566.24 on Friday. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16. The firm’s 50-day simple moving average is $698.81 and its 200 day simple moving average is $711.54. The firm has a market cap of $20.91 billion, a price-to-earnings ratio of 38.97, a P/E/G ratio of 2.57 and a beta of 0.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The firm had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $3.23 EPS. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 15.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CW shares. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Citigroup lifted their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Piper Sandler started coverage on shares of Curtiss-Wright in a research note on Wednesday. They set a “neutral” rating and a $665.00 price target for the company. Finally, Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $765.71.

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.