1,246 Shares in Curtiss-Wright Corporation $CW Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,246 shares of the aerospace company’s stock, valued at approximately $944,000.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. Norges Bank acquired a new stake in Curtiss-Wright during the fourth quarter valued at $290,633,000. Primecap Management Co. CA bought a new position in shares of Curtiss-Wright during the 2nd quarter valued at $390,106,000. Corient Private Wealth LLC raised its stake in shares of Curtiss-Wright by 6,169.8% in the 4th quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after acquiring an additional 400,047 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth $270,458,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was 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 of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction 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 directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents 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 owned by company insiders.

Analysts Set New Price Targets

CW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Citigroup increased their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Stifel Nicolaus increased their price target 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. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Finally, Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $618.45 on Thursday. The stock has a 50 day moving average of $725.45 and a 200-day moving average of $715.74. 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 $22.84 billion, a P/E ratio of 42.56, a P/E/G ratio of 2.75 and a beta of 0.87. Curtiss-Wright Corporation has a 12 month low of $465.51 and a 12 month high of $808.16.

Curtiss-Wright (NYSE:CW) last released its quarterly 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 for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. Curtiss-Wright’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $3.23 earnings per share. As a group, equities research analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current 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.