Trail Ridge Investment Advisors LLC Buys New Position in Curtiss-Wright Corporation $CW

Trail Ridge Investment Advisors LLC purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,526 shares of the aerospace company’s stock, valued at approximately $1,156,000.

Other institutional investors also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC boosted its holdings in shares of Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 15 shares during the period. IFP Advisors Inc grew its position in shares of Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after acquiring an additional 16 shares during the last quarter. Summit Financial LLC increased its holdings in shares of Curtiss-Wright by 2.3% in the 4th quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock valued at $384,000 after acquiring an additional 16 shares during the period. VestGen Investment Management increased its holdings in shares of Curtiss-Wright by 0.9% in the 4th quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock valued at $1,031,000 after acquiring an additional 17 shares during the period. Finally, Jackson Thornton Wealth Management LLC raised its position in Curtiss-Wright by 4.9% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related 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 $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following 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. 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 a total of 3,119 shares of company stock worth $2,257,998 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW opened at $614.51 on Tuesday. The stock has a market capitalization of $22.69 billion, a P/E ratio of 42.29, a P/E/G ratio of 2.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16. The company’s fifty day moving average is $731.72 and its two-hundred day moving average is $715.86.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.62 by $0.10. The company had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $3.23 EPS. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of recent research reports. 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 note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a report on Wednesday, August 12th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Stifel Nicolaus raised their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Finally, Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.