Freestone Grove Partners LP Takes Position in Curtiss-Wright Corporation $CW

Freestone Grove Partners LP bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,749 shares of the aerospace company’s stock, valued at approximately $8,903,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in shares of Curtiss-Wright in the second quarter worth approximately $30,000. Fiduciary Financial Advisors bought a new position in shares of Curtiss-Wright in the second quarter valued at approximately $31,000. Elevation Wealth Partners LLC boosted its position in shares of Curtiss-Wright by 237.5% during the second quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock valued at $41,000 after buying an additional 38 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $31,000. Finally, Signature Equity Partners LLC grew its holdings in Curtiss-Wright by 140.0% during the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling

In related news, VP Gary A. Ogilby sold 399 shares of the stock in a transaction dated 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 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 transaction was disclosed in a filing 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 dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,934 shares of company stock valued at $2,733,499. 0.51% of the stock is owned by insiders.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $597.28 on Friday. The business’s fifty day simple moving average is $718.27 and its 200 day simple moving average is $714.61. The firm has a market capitalization of $22.06 billion, a P/E ratio of 41.11, a price-to-earnings-growth ratio of 2.73 and a beta of 0.87. Curtiss-Wright Corporation has a 12 month low of $465.51 and a 12 month high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. The firm had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.23 EPS. As a group, analysts anticipate that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Wall Street Analyst Weigh In

CW has been the subject of a number of analyst reports. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Morgan Stanley reiterated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. 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 research report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price 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.