Fifth Third Wealth Advisors LLC Takes $372,000 Position in Curtiss-Wright Co. (NYSE:CW)

Fifth Third Wealth Advisors LLC bought a new stake in shares of Curtiss-Wright Co. (NYSE:CW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,373 shares of the aerospace company’s stock, valued at approximately $372,000.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after buying an additional 18,939 shares in the last quarter. Boston Partners lifted its stake in shares of Curtiss-Wright by 3.0% during the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after buying an additional 40,657 shares in the last quarter. Norges Bank purchased a new stake in shares of Curtiss-Wright during the 4th quarter valued at approximately $113,885,000. Global Alpha Capital Management Ltd. lifted its stake in shares of Curtiss-Wright by 41.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after buying an additional 103,780 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Curtiss-Wright by 30,079.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after purchasing an additional 301,394 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Up 0.9 %

Shares of CW traded up $2.73 during trading hours on Wednesday, reaching $301.27. 91,526 shares of the company traded hands, compared to its average volume of 208,333. The company’s fifty day moving average price is $280.26 and its two-hundred day moving average price is $263.60. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 31.04 and a beta of 1.18. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright Co. has a 12 month low of $190.64 and a 12 month high of $303.57.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the previous year, the firm posted $2.15 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts predict that Curtiss-Wright Co. will post 10.25 earnings per share for the current fiscal year.

Insider Activity at Curtiss-Wright

In other news, Director S Marce Fuller sold 5,300 shares of the stock in a transaction that occurred on 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 owns 25,770 shares in the company, valued at $7,242,400.80. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the transaction, the director now directly owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the sale, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The disclosure for this sale can be found here. In the last three months, insiders acquired 120 shares of company stock valued at $27,914 and sold 14,215 shares valued at $4,011,165. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Truist Financial raised their price objective on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Morgan Stanley raised their price objective on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird raised their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report 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’s stock. According to MarketBeat, Curtiss-Wright currently has a consensus rating of “Buy” and an average target price of $307.50.

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.