GHP Investment Advisors Inc. grew its stake in Curtiss-Wright Corp. (NYSE:CW) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,781 shares of the aerospace company’s stock after acquiring an additional 600 shares during the period. GHP Investment Advisors Inc. owned 0.09% of Curtiss-Wright worth $4,803,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan raised its stake in shares of Curtiss-Wright by 1.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,910 shares of the aerospace company’s stock worth $1,006,000 after buying an additional 80 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of Curtiss-Wright by 1.3% during the second quarter. Virginia Retirement Systems ET AL now owns 7,600 shares of the aerospace company’s stock worth $966,000 after buying an additional 100 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Curtiss-Wright by 14.0% during the second quarter. Advisory Services Network LLC now owns 815 shares of the aerospace company’s stock worth $104,000 after buying an additional 100 shares during the last quarter. US Bancorp DE raised its stake in shares of Curtiss-Wright by 0.8% during the first quarter. US Bancorp DE now owns 12,401 shares of the aerospace company’s stock worth $1,407,000 after buying an additional 104 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Curtiss-Wright by 0.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 17,517 shares of the aerospace company’s stock worth $1,985,000 after buying an additional 109 shares during the last quarter. 76.20% of the stock is owned by institutional investors.
Several equities research analysts have commented on the stock. ValuEngine raised shares of Curtiss-Wright from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Zacks Investment Research raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $139.20.
NYSE:CW traded up $2.23 during trading hours on Friday, hitting $119.95. The stock had a trading volume of 148,700 shares, compared to its average volume of 217,026. Curtiss-Wright Corp. has a one year low of $95.23 and a one year high of $141.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.41 and a current ratio of 2.10. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 1.99 and a beta of 1.23. The business’s 50 day moving average is $125.22 and its 200-day moving average is $118.08.
Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, July 31st. The aerospace company reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.13. Curtiss-Wright had a net margin of 11.90% and a return on equity of 18.54%. The firm had revenue of $639.00 million during the quarter, compared to the consensus estimate of $642.66 million. During the same quarter in the prior year, the firm earned $1.80 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that Curtiss-Wright Corp. will post 7.12 EPS for the current fiscal year.
Curtiss-Wright declared that its board has authorized a stock buyback plan on Wednesday, May 15th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the aerospace company to buy up to 4.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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