Acadian Asset Management LLC Acquires Shares of 44,136 Curtiss-Wright Co. (NYSE:CW)

Acadian Asset Management LLC bought a new position in Curtiss-Wright Co. (NYSE:CW) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 44,136 shares of the aerospace company’s stock, valued at approximately $11,952,000. Acadian Asset Management LLC owned about 0.12% of Curtiss-Wright as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CW. Russell Investments Group Ltd. increased its position in shares of Curtiss-Wright by 39.4% during the 4th quarter. Russell Investments Group Ltd. now owns 15,094 shares of the aerospace company’s stock valued at $3,363,000 after purchasing an additional 4,270 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Curtiss-Wright by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 238,644 shares of the aerospace company’s stock worth $53,167,000 after buying an additional 5,185 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Curtiss-Wright in the fourth quarter worth approximately $317,000. Versor Investments LP bought a new position in shares of Curtiss-Wright in the 4th quarter worth $223,000. Finally, BNP Paribas Financial Markets lifted its stake in Curtiss-Wright by 36.2% during the fourth quarter. BNP Paribas Financial Markets now owns 32,618 shares of the aerospace company’s stock worth $7,267,000 after purchasing an additional 8,676 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Up 1.5 %

Shares of Curtiss-Wright stock opened at $298.29 on Tuesday. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 30.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The firm’s 50-day moving average is $289.85 and its two-hundred day moving average is $271.06. Curtiss-Wright Co. has a 1 year low of $190.64 and a 1 year high of $318.20.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.15 EPS. As a group, research analysts expect that Curtiss-Wright Co. will post 10.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CW. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 2nd. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Truist Financial boosted their target price on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Morgan Stanley increased their target price on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, Robert W. Baird lifted their target price on 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 assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $307.50.

Insider Buying and Selling

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares in the company, valued at $418,469.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 120 shares of company stock valued at $27,914 over the last ninety days. Company 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.