Walleye Capital LLC Takes $3.34 Million Position in Curtiss-Wright Corporation $CW

Walleye Capital LLC purchased a new position in Curtiss-Wright Corporation (NYSE:CW) during the second quarter, HoldingsChannel reports. The firm purchased 4,412 shares of the aerospace company’s stock, valued at approximately $3,343,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Curtiss-Wright in the 4th quarter valued at about $290,633,000. Corient Private Wealth LLC boosted its holdings in shares of Curtiss-Wright by 6,169.8% in the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after purchasing an additional 400,047 shares during the period. Franklin Resources Inc. grew its stake in Curtiss-Wright by 61.0% in the fourth quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock worth $270,392,000 after purchasing an additional 185,887 shares in the last quarter. Cardano Risk Management B.V. purchased a new position in Curtiss-Wright during the 2nd quarter worth $108,311,000. Finally, Axiom Investors LLC DE bought a new stake in Curtiss-Wright during the 4th quarter valued at $76,892,000. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of the stock in a transaction that occurred on 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 owned 2,172 shares of the company’s stock, valued at $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the sale, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This trade represents a 5.26% 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. Insiders have sold a total of 3,119 shares of company stock valued at $2,257,998 in the last 90 days. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW stock opened at $698.64 on Friday. The stock’s 50-day moving average is $741.61 and its 200 day moving average is $715.55. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The company has a market cap of $25.80 billion, a P/E ratio of 48.08, a PEG ratio of 3.11 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last announced its earnings results 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 business had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.23 earnings per share. Research analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research report on Wednesday. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup upped their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Finally, Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday, July 20th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $782.50.

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.