Northwestern Mutual Wealth Management Co. Invests $1.43 Million in Curtiss-Wright Corporation $CW

Northwestern Mutual Wealth Management Co. acquired a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,892 shares of the aerospace company’s stock, valued at approximately $1,433,000.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Curtiss-Wright during the 2nd quarter worth approximately $3,448,649,000. Norges Bank acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $290,633,000. Corient Private Wealth LLC increased its holdings in shares of Curtiss-Wright by 6,169.8% during the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after acquiring an additional 400,047 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $270,458,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Curtiss-Wright during the second quarter worth approximately $240,442,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

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 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 transaction, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $609.52 on Wednesday. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16. 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 moving average price of $728.62 and a 200-day moving average price of $715.75. The company has a market cap of $22.51 billion, a PE ratio of 41.95, a price-to-earnings-growth ratio of 2.77 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last announced its earnings results 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 return on equity of 20.49% and a net margin of 14.81%.The company had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same quarter in the previous year, the firm earned $3.23 earnings per share. Curtiss-Wright’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a report on Friday, May 8th. Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Morgan Stanley restated an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Citigroup raised their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $782.50.

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.