Custom Index Systems LLC Sells 367 Shares of Curtiss-Wright Co. (NYSE:CW)

Custom Index Systems LLC reduced its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 14.4% in the second quarter, Holdings Channel reports. The fund owned 2,182 shares of the aerospace company’s stock after selling 367 shares during the quarter. Custom Index Systems LLC’s holdings in Curtiss-Wright were worth $591,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC grew its position in shares of Curtiss-Wright by 1,414.4% during the 1st quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock valued at $4,105,000 after acquiring an additional 14,979 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Curtiss-Wright by 38.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock worth $19,524,000 after buying an additional 21,074 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Curtiss-Wright in the 1st quarter worth approximately $5,007,000. Assenagon Asset Management S.A. bought a new position in Curtiss-Wright in the 2nd quarter worth approximately $41,383,000. Finally, Cetera Advisors LLC boosted its holdings in Curtiss-Wright by 178.7% in the 1st quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock worth $1,017,000 after buying an additional 2,548 shares during the period. 82.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CW has been the subject of several analyst reports. Truist Financial raised their price objective on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Robert W. Baird raised their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Monday, September 2nd. Finally, Morgan Stanley increased their target price on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Buy” and a consensus price target of $307.50.

Insider Buying and Selling

In related news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright 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 transaction, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 120 shares of company stock worth $27,914 in the last 90 days. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $293.75 on Friday. The firm’s fifty day moving average price is $289.31 and its 200-day moving average price is $270.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The stock has a market cap of $11.25 billion, a P/E ratio of 30.25 and a beta of 1.18. Curtiss-Wright Co. has a fifty-two week low of $190.64 and a fifty-two week high of $318.20.

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

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.