Curtiss-Wright Corporation (NYSE:CW) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 6.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,874 shares of the aerospace company’s stock after buying an additional 14,684 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of Curtiss-Wright worth $79,912,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its position in Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 94 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in Curtiss-Wright during the fourth quarter valued at approximately $35,000. Private Trust Co. NA raised its position in Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 138 shares in the last quarter. Ancora Advisors LLC bought a new position in Curtiss-Wright during the fourth quarter valued at approximately $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Curtiss-Wright by 165.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company’s stock valued at $63,000 after acquiring an additional 124 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the sale, the vice president owned 4,959 shares in the company, valued at $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director owned 4,523 shares in the company, valued at $2,026,304. This represents a 29.58% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Curtiss-Wright Trading Down 1.1%

Shares of Curtiss-Wright stock opened at $496.33 on Thursday. The company’s fifty day simple moving average is $481.08 and its 200-day simple moving average is $393.28. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 3.07 and a beta of 1.18. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the previous year, the company earned $2.67 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CW. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Truist Financial dropped their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research report on Friday, July 11th. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Finally, Robert W. Baird raised their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $468.14.

Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.