Wellington Management Group LLP Acquires 2,329 Shares of Curtiss-Wright Corporation $CW

Wellington Management Group LLP lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,950 shares of the aerospace company’s stock after purchasing an additional 2,329 shares during the period. Wellington Management Group LLP’s holdings in Curtiss-Wright were worth $40,123,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after purchasing an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $235,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Curtiss-Wright by 53.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after buying an additional 35 shares during the period. Marshall Wace LLP bought a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $5,423,000. Finally, Cresset Asset Management LLC increased its stake in shares of Curtiss-Wright by 46.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock valued at $705,000 after acquiring an additional 457 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 0.4%

CW stock opened at $566.24 on Friday. The firm has a market capitalization of $20.91 billion, a PE ratio of 38.97, a P/E/G ratio of 2.57 and a beta of 0.84. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The stock’s 50 day moving average is $698.81 and its 200-day moving average is $711.54.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) 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 in the prior year, the company posted $3.23 earnings per share. Curtiss-Wright’s revenue was up 5.4% compared to the same quarter last year. Sell-side analysts expect that Curtiss-Wright Corporation will post 15.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Piper Sandler assumed coverage on shares of Curtiss-Wright in a research note on Wednesday. They set a “neutral” rating and a $665.00 target price on the stock. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Citigroup increased their price objective 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. Morgan Stanley restated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $765.71.

Insiders Place Their Bets

In other news, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the sale, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry D. Wyche sold 100 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the transaction, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. The trade was a 6.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,034 shares of company stock worth $2,793,173 in the last ninety days. Company insiders own 0.51% of the company’s stock.

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.