Csenge Advisory Group Makes New Investment in Curtiss-Wright Corporation $CW

Csenge Advisory Group acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,773 shares of the aerospace company’s stock, valued at approximately $1,344,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of Curtiss-Wright by 114.8% during the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after purchasing an additional 5,749 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Curtiss-Wright in the 4th quarter worth approximately $1,104,000. Northwestern Mutual Wealth Management Co. raised its position in Curtiss-Wright by 39,282.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock worth $35,605,000 after purchasing an additional 64,423 shares during the last quarter. Catalyst Funds Management Pty Ltd lifted 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 worth $4,097,000 after buying an additional 3,132 shares in the last quarter. Finally, M&T Bank Corp boosted its position in Curtiss-Wright by 5,993.0% in the 4th quarter. M&T Bank Corp now owns 77,868 shares of the aerospace company’s stock valued at $42,926,000 after buying an additional 76,590 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 3.2%

NYSE CW opened at $673.19 on Thursday. Curtiss-Wright Corporation has a 12 month low of $465.51 and a 12 month high of $808.16. The stock has a 50-day simple moving average of $739.32 and a 200 day simple moving average of $716.52. 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 $24.86 billion, a PE ratio of 46.33, a P/E/G ratio of 3.14 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share 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 for the quarter, compared to the consensus estimate of $926.17 million. During the same period last year, the company posted $3.23 EPS. Curtiss-Wright’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CW shares. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $782.50.

Insider Activity

In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the stock in a transaction dated Tuesday, June 9th. The stock was 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 in the company, valued at $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The sale 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, CEO Lynn M. Bamford sold 2,500 shares of the firm’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 sale, the chief executive officer directly owned 48,134 shares in the company, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their position. 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 valued at $2,257,998 in the last quarter. Company insiders own 0.51% of the company’s stock.

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.