Raymond James Financial Inc. Has $21.88 Million Stake in Curtiss-Wright Corporation $CW

Raymond James Financial Inc. reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 22.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,950 shares of the aerospace company’s stock after selling 19,805 shares during the quarter. Raymond James Financial Inc. owned approximately 0.18% of Curtiss-Wright worth $21,876,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 4th quarter valued at $35,000. Whipplewood Advisors LLC raised its holdings in shares of Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 94 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Curtiss-Wright during the fourth quarter valued at $49,000. Private Trust Co. NA grew its stake in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 138 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company’s stock worth $63,000 after purchasing an additional 124 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CW has been the subject of several research reports. Truist Financial reduced their price target on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a report on Friday, July 11th. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Citigroup increased their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $468.14.

Curtiss-Wright Trading Up 2.5%

NYSE:CW opened at $490.91 on Wednesday. The company’s 50 day moving average is $484.84 and its 200-day moving average is $402.32. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $517.09. The firm has a market cap of $18.50 billion, a price-to-earnings ratio of 41.43, a P/E/G ratio of 2.93 and a beta of 1.18.

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

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director owned 4,523 shares of the company’s stock, valued at approximately $2,026,304. The trade was a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,460 shares of company stock worth $1,586,767 over the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Company 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.