Cetera Trust Company N.A Invests $1.08 Million in Curtiss-Wright Corporation $CW

Cetera Trust Company N.A acquired a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,430 shares of the aerospace company’s stock, valued at approximately $1,084,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in shares of Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after acquiring an additional 20,379 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $235,000. Northwestern Mutual Wealth Management Co. boosted 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 purchasing an additional 35 shares during the period. Marshall Wace LLP purchased a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $5,423,000. Finally, Cresset Asset Management LLC increased its holdings in Curtiss-Wright by 46.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock valued at $705,000 after purchasing an additional 457 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CW shares. Citigroup upped their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Stifel Nicolaus raised 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. 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $782.50.

Insider Transactions at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of the firm’s 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 sale, the vice president owned 2,172 shares of the company’s stock, valued at $1,568,075.40. This trade 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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the transaction, the chief executive officer owned 48,134 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 3.2%

NYSE:CW opened at $614.51 on Tuesday. Curtiss-Wright Corporation has a 12-month low of $465.51 and a 12-month high of $808.16. The firm has a market cap of $22.69 billion, a PE ratio of 42.29, a price-to-earnings-growth ratio of 2.86 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. The stock has a fifty day moving average price of $731.72 and a 200 day moving average price of $715.86.

Curtiss-Wright (NYSE:CW) last issued its quarterly 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. The company had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.Curtiss-Wright’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.23 EPS. Sell-side analysts anticipate that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

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.