Commerce Bank Invests $4.45 Million in Curtiss-Wright Corporation $CW

Commerce Bank acquired a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,867 shares of the aerospace company’s stock, valued at approximately $4,446,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Curtiss-Wright in the second quarter valued at $3,448,649,000. Pacer Advisors Inc. raised its position in Curtiss-Wright by 114.8% during the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock worth $5,931,000 after acquiring an additional 5,749 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Curtiss-Wright during the fourth quarter worth $1,104,000. Northwestern Mutual Wealth Management Co. lifted its stake in Curtiss-Wright by 39,282.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock valued at $35,605,000 after acquiring an additional 64,423 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd grew its position in shares of Curtiss-Wright by 72.8% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock valued at $4,097,000 after acquiring an additional 3,132 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

NYSE:CW opened at $634.55 on Monday. The company has a market cap of $23.43 billion, a P/E ratio of 43.67, a P/E/G ratio of 2.86 and a beta of 0.87. The firm’s fifty day moving average price is $734.68 and its two-hundred day moving average price is $716.27. Curtiss-Wright Corporation has a one year low of $465.51 and a one year high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CW. Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Morgan Stanley reissued an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $782.50.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the firm’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 sale, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This represents a 4.94% 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. Insiders have sold a total of 3,119 shares of company stock valued at $2,257,998 in the last three months. 0.51% of the stock is currently owned by company 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.