Coastal Bridge Advisors LLC Buys Shares of 2,261 Curtiss-Wright Corporation $CW

Coastal Bridge Advisors LLC purchased a new position in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,261 shares of the aerospace company’s stock, valued at approximately $1,713,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Curtiss-Wright during the second quarter valued at $30,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter worth about $31,000. Fiduciary Financial Advisors acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $31,000. Larson Financial Group LLC boosted its holdings in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 21 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in Curtiss-Wright by 25.9% during 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. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $782.50.

Insider Activity

In other news, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction 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 in the company, valued at approximately $1,568,075.40. This 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 1,035 shares of the firm’s stock in a transaction on 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 approximately $1,694,842.56. The trade was a 27.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,934 shares of company stock worth $2,733,499. 0.51% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $605.70 on Friday. The stock’s 50 day moving average price is $721.95 and its 200 day moving average price is $715.43. The firm has a market capitalization of $22.37 billion, a PE ratio of 41.69, a price-to-earnings-growth ratio of 2.79 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 one year low of $465.51 and a one year high of $808.16.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company 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. Curtiss-Wright’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

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.