International Assets Investment Management LLC Reduces Stock Position in Curtiss-Wright Co. (NYSE:CW)

International Assets Investment Management LLC reduced its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,245 shares of the aerospace company’s stock after selling 114 shares during the quarter. International Assets Investment Management LLC’s holdings in Curtiss-Wright were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CW. Versant Capital Management Inc raised its stake in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of Curtiss-Wright in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC grew its position in shares of Curtiss-Wright by 1,933.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after buying an additional 116 shares during the last quarter. Creekmur Asset Management LLC bought a new position in Curtiss-Wright in the fourth quarter worth about $32,000. Finally, Sachetta LLC bought a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.4 %

Curtiss-Wright stock opened at $315.65 on Friday. The company’s 50-day moving average price is $286.30 and its two-hundred day moving average price is $267.75. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 32.51 and a beta of 1.18. Curtiss-Wright Co. has a 52 week low of $190.64 and a 52 week high of $318.20. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. Curtiss-Wright’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 earnings per share. On average, analysts expect that Curtiss-Wright Co. will post 10.25 EPS for the current fiscal year.

Insider Transactions at Curtiss-Wright

In other news, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, the chief operating officer now directly owns 19,914 shares of the company’s stock, valued at $5,609,176.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at $5,609,176.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The disclosure for this sale can be found here. Insiders purchased 120 shares of company stock valued at $27,914 over the last three months. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CW has been the topic of several recent research reports. Truist Financial raised their price target on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Morgan Stanley upped their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 25th. Finally, Robert W. Baird lifted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $307.50.

Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.