Lisanti Capital Growth LLC Invests $1.86 Million in Curtiss-Wright Corporation $CW

Lisanti Capital Growth LLC purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,450 shares of the aerospace company’s stock, valued at approximately $1,857,000.

Several other hedge funds have also added to or reduced their stakes in CW. Goldman Sachs Group Inc. lifted its position in Curtiss-Wright by 10.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after purchasing an additional 20,379 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $235,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Curtiss-Wright by 53.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after buying an additional 35 shares during the period. Marshall Wace LLP bought a new stake in shares of Curtiss-Wright during the second quarter worth approximately $5,423,000. Finally, Cresset Asset Management LLC raised its stake in shares of Curtiss-Wright by 46.4% during the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after buying an additional 457 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Citigroup increased their price target on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $782.50.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the transaction, the chief executive officer owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 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 transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This trade represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is owned by corporate insiders.

Curtiss-Wright Stock Down 3.2%

NYSE:CW opened at $673.19 on Thursday. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16. The stock has a 50-day moving average price of $739.32 and a two-hundred day moving average price of $716.52. The stock has a market cap of $24.86 billion, a price-to-earnings ratio of 46.33, a PEG ratio of 3.14 and a beta of 0.87. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.

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. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same quarter last year, the firm posted $3.23 earnings per share. Curtiss-Wright’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect 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.