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

Custom Index Systems LLC decreased its holdings in Curtiss-Wright Co. (NYSE:CW) by 14.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc boosted its position in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in Curtiss-Wright during the second quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its position in Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 116 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at $32,000. Finally, Sachetta LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at $45,000. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 120 shares of company stock worth $27,914 in the last quarter. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Trading Down 2.5 %

CW opened at $293.75 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. Curtiss-Wright Co. has a fifty-two week low of $190.64 and a fifty-two week high of $318.20. The firm has a market capitalization of $11.25 billion, a PE ratio of 30.25 and a beta of 1.18. The company’s 50-day moving average is $289.31 and its 200 day moving average is $270.42.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial upped their price objective on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd. Robert W. Baird upped their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, July 18th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Monday, September 2nd. Finally, Morgan Stanley upped their price objective on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of “Buy” and a consensus price target of $307.50.

Curtiss-Wright Company Profile

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.