Compass Financial Management LLC Buys Shares of 1,789 Curtiss-Wright Corporation $CW

Compass Financial Management LLC bought 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 & Exchange Commission. The institutional investor bought 1,789 shares of the aerospace company’s stock, valued at approximately $1,356,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Curtiss-Wright in the second quarter valued at $3,448,649,000. Norges Bank purchased a new stake in Curtiss-Wright during the 4th quarter worth about $290,633,000. Corient Private Wealth LLC boosted its stake in 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 worth $224,108,000 after purchasing an additional 400,047 shares during the period. Bank of New York Mellon Corp bought a new position in Curtiss-Wright in the 2nd quarter worth about $270,458,000. Finally, William Blair Investment Management LLC purchased a new position in Curtiss-Wright during the 2nd quarter valued at about $240,442,000. 82.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, 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. 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. Over the last three months, insiders have sold 3,119 shares of company stock worth $2,257,998. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CW. Citigroup upped their price target on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Stifel Nicolaus raised their price objective 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. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $634.55 on Friday. The stock has a market cap of $23.43 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 2.86 and a beta of 0.87. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $734.68 and a 200 day simple moving average of $715.90. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16.

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

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.