1,505 Shares in Curtiss-Wright Corporation $CW Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,505 shares of the aerospace company’s stock, valued at approximately $1,140,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Curtiss-Wright in the second quarter valued at approximately $3,448,649,000. Norges Bank purchased a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $290,633,000. Primecap Management Co. CA purchased a new stake in shares of Curtiss-Wright in the 2nd quarter valued at approximately $390,106,000. Corient Private Wealth LLC raised its holdings in shares of Curtiss-Wright by 6,169.8% in the 4th quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after purchasing an additional 400,047 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Curtiss-Wright during the 2nd quarter worth $270,458,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a report on Wednesday, August 12th. Morgan Stanley reissued an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $765.71.

Curtiss-Wright Stock Performance

NYSE:CW opened at $566.24 on Friday. 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 firm’s fifty day moving average price is $698.81 and its 200 day moving average price is $711.54. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16. The firm has a market cap of $20.91 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 2.57 and a beta of 0.84.

Curtiss-Wright (NYSE:CW) last issued its 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. The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.23 earnings per share. On average, sell-side analysts expect that Curtiss-Wright Corporation will post 15.27 EPS for the current year.

Insider Buying and Selling

In other Curtiss-Wright news, EVP John Watts sold 1,035 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. This trade represents a 27.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gary Ogilby sold 399 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction 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 approximately $1,568,075.40. This represents a 15.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 4,034 shares of company stock worth $2,793,173. 0.51% of the stock is currently owned by corporate insiders.

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.