Dakota Wealth Management Makes New $206,000 Investment in Curtiss-Wright Co. (NYSE:CW)

Dakota Wealth Management bought a new stake in Curtiss-Wright Co. (NYSE:CW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 760 shares of the aerospace company’s stock, valued at approximately $206,000.

A number of other hedge funds have also bought and sold shares of CW. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Curtiss-Wright by 363.9% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,531 shares of the aerospace company’s stock valued at $415,000 after buying an additional 1,201 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Curtiss-Wright by 48.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,661 shares of the aerospace company’s stock worth $721,000 after purchasing an additional 874 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after purchasing an additional 301,394 shares during the period. Assenagon Asset Management S.A. bought a new position in Curtiss-Wright in the 2nd quarter worth approximately $41,383,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in Curtiss-Wright during the 2nd quarter valued at $30,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Performance

Shares of CW traded up $0.26 on Wednesday, reaching $298.80. The company’s stock had a trading volume of 4,918 shares, compared to its average volume of 207,795. The stock’s 50 day simple moving average is $280.26 and its two-hundred day simple moving average is $263.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The stock has a market capitalization of $11.44 billion, a P/E ratio of 30.75 and a beta of 1.18. Curtiss-Wright Co. has a 12-month low of $190.64 and a 12-month high of $303.57.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.24 by $0.43. The firm had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. Curtiss-Wright’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.15 EPS. Research analysts forecast that Curtiss-Wright Co. will post 10.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Morgan Stanley increased their target price on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Truist Financial lifted their price target on Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, Robert W. Baird lifted their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Buy” and a consensus target price of $307.50.

Insider Transactions at Curtiss-Wright

In other news, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the completion of the transaction, the director now owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the sale, the director now directly owns 25,770 shares in the company, valued at approximately $7,242,400.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kevin Rayment sold 8,415 shares of Curtiss-Wright stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the transaction, the chief operating officer now owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 120 shares of company stock valued at $27,914 and have sold 14,215 shares valued at $4,011,165. Corporate insiders own 0.67% of the company’s stock.

About Curtiss-Wright

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.