Lisanti Capital Growth LLC Purchases New Holdings in Curtiss-Wright Corporation $CW

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

A number of other hedge funds also recently modified their holdings of CW. BlackRock Inc. bought a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. State Street Corp lifted its position in Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after purchasing an additional 16,962 shares during the period. Invesco Ltd. boosted its stake in 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 in the last quarter. Geode Capital Management LLC boosted its stake in 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 in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Curtiss-Wright by 9.3% in the 4th 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 during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 3.2%

CW stock opened at $673.19 on Thursday. The business has a fifty day moving average price of $739.32 and a 200 day moving average price of $716.52. Curtiss-Wright Corporation has a fifty-two week low of $465.51 and a fifty-two week high of $808.16. The stock has a market capitalization of $24.86 billion, a price-to-earnings ratio of 46.33, a P/E/G ratio of 3.14 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW) last issued 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. The firm had revenue of $924.01 million during 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%.The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.23 EPS. Analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were 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 owned 2,172 shares in the company, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was 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 directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. 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 over the last ninety days. 0.51% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CW has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Finally, Citigroup upped their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $782.50.

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.