Tribune Investment Group LP Makes New $4.30 Million Investment in Curtiss-Wright Corporation $CW

Tribune Investment Group LP purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) during the second quarter, Holdings Channel.com reports. The firm purchased 5,670 shares of the aerospace company’s stock, valued at approximately $4,296,000. Curtiss-Wright comprises 1.7% of Tribune Investment Group LP’s portfolio, making the stock its 17th biggest position.

Several other large investors have also recently made changes to their positions in the stock. Transamerica Financial Advisors LLC lifted its stake in shares of Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares during the last quarter. IFP Advisors Inc boosted its position in Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 16 shares in the last quarter. Summit Financial LLC grew its stake in Curtiss-Wright by 2.3% in the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock valued at $384,000 after purchasing an additional 16 shares during the last quarter. VestGen Investment Management grew its stake in Curtiss-Wright by 0.9% in the fourth quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock valued at $1,031,000 after purchasing an additional 17 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC raised its holdings in Curtiss-Wright by 4.9% in the first quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 19 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Trading Down 0.1%

Shares of NYSE:CW opened at $634.55 on Monday. The business’s 50-day moving average is $734.68 and its 200 day moving average is $716.27. 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 Corporation has a 1 year low of $465.51 and a 1 year high of $808.16. The firm has a market capitalization of $23.43 billion, a P/E ratio of 43.67, a P/E/G ratio of 2.86 and a beta of 0.87.

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. 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 the consensus estimate of $926.17 million. During the same quarter last year, the company earned $3.23 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Insider Activity at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of the 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 completion of the transaction, the vice president directly owned 2,172 shares of the company’s stock, valued at $1,568,075.40. This trade represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following 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 position. 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 valued at $2,257,998 in the last three months. 0.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on CW. Morgan Stanley reissued an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Finally, Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Company 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.