Plato Investment Management Ltd Acquires New Holdings in Curtiss-Wright Corporation $CW

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

A number of other institutional investors have also made changes to their positions in CW. State Street Corp increased its holdings in Curtiss-Wright by 1.2% in the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after purchasing an additional 16,962 shares during the last quarter. Invesco Ltd. boosted its position in shares of Curtiss-Wright by 7.9% during the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock worth $671,231,000 after buying an additional 88,688 shares during the period. Geode Capital Management LLC boosted its position in shares of Curtiss-Wright by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after buying an additional 47,287 shares during the period. AQR Capital Management LLC grew its stake in shares of Curtiss-Wright by 9.3% in the fourth quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock valued at $293,972,000 after buying an additional 45,589 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Curtiss-Wright in the 4th quarter valued at $290,633,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 in the company, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the 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 sale, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,119 shares of company stock worth $2,257,998 over the last 90 days. 0.51% of the stock is owned by insiders.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $693.26 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The company has a market cap of $25.60 billion, a price-to-earnings ratio of 47.71, a price-to-earnings-growth ratio of 3.15 and a beta of 0.87. The stock’s 50-day moving average is $741.07 and its two-hundred day moving average is $716.25. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. During the same quarter last year, the business posted $3.23 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CW has been the topic of several research reports. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Citigroup increased their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Finally, Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $782.50.

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.