1,896 Shares in Curtiss-Wright Corporation $CW Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,896 shares of the aerospace company’s stock, valued at approximately $1,428,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. AMG National Trust Bank acquired a new stake in Curtiss-Wright during the second quarter worth approximately $885,000. Wealthspan Partners LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter valued at $606,000. Peachtree Investment Partners LLC acquired a new stake in Curtiss-Wright during the 2nd quarter worth $311,000. Global Retirement Partners LLC acquired a new stake in Curtiss-Wright during the 2nd quarter worth $1,058,000. Finally, Dodds Wealth LLC purchased a new stake in Curtiss-Wright in the second quarter valued at $236,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the stock in a transaction that occurred on 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 transaction, the vice president owned 2,172 shares in the company, valued at $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. Insiders sold a total of 3,119 shares of company stock valued at $2,257,998 in the last ninety days. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Stifel Nicolaus boosted their target price on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Citigroup upped 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. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Trading Down 0.9%

Shares of Curtiss-Wright stock opened at $693.26 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The company has a market capitalization of $25.60 billion, a P/E ratio of 47.71, a PEG ratio of 3.15 and a beta of 0.87. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16. The company’s fifty day moving average is $741.07 and its two-hundred day moving average is $716.25.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. 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 company earned $3.23 earnings per share. The business’s revenue 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.

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.