Tribune Investment Group LP Acquires Shares of 5,670 Curtiss-Wright Corporation $CW

Tribune Investment Group LP bought a new stake in Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,670 shares of the aerospace company’s stock, valued at approximately $4,296,000. Curtiss-Wright accounts for about 1.7% of Tribune Investment Group LP’s portfolio, making the stock its 17th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. Pacer Advisors Inc. lifted its stake in shares of Curtiss-Wright by 114.8% during the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock worth $5,931,000 after acquiring an additional 5,749 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $1,104,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Curtiss-Wright by 39,282.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock valued at $35,605,000 after acquiring an additional 64,423 shares during the period. Finally, Catalyst Funds Management Pty Ltd boosted its holdings in Curtiss-Wright by 72.8% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock valued at $4,097,000 after acquiring an additional 3,132 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.1%

CW opened at $634.55 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $734.68 and its two-hundred day moving average is $716.27. The company has a market capitalization of $23.43 billion, a P/E ratio of 43.67, a PEG ratio of 2.86 and a beta of 0.87. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16.

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

Insider Activity at Curtiss-Wright

In related news, 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 value 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. This represents a 15.52% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was 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 directly 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. 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. Insiders sold 3,119 shares of company stock worth $2,257,998 over the last three months. 0.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CW shares. Citigroup upped their price objective on 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 target price on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Stifel Nicolaus raised their price target 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. Finally, Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $782.50.

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.