Farther Finance Advisors LLC Has $412,000 Position in Curtiss-Wright Co. (NYSE:CW)

Farther Finance Advisors LLC grew its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 1,800.0% in the second quarter, HoldingsChannel.com reports. The fund owned 1,520 shares of the aerospace company’s stock after acquiring an additional 1,440 shares during the quarter. Farther Finance Advisors LLC’s holdings in Curtiss-Wright were worth $412,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CW. Versant Capital Management Inc grew its stake in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in shares of Curtiss-Wright in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after buying an additional 116 shares during the period. Creekmur Asset Management LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $32,000. Finally, Sachetta LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $45,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 120 shares of company stock worth $27,914 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Down 0.1 %

Curtiss-Wright stock opened at $302.76 on Thursday. Curtiss-Wright Co. has a 1-year low of $190.64 and a 1-year high of $318.20. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 31.18 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The firm has a 50 day simple moving average of $288.28 and a 200 day simple moving average of $269.54.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data 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 13.05% and a return on equity of 17.07%. The business had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. During the same period in the previous year, the business earned $2.15 EPS. Curtiss-Wright’s revenue was up 11.4% compared to the same quarter last year. On average, analysts predict that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Monday. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Truist Financial raised their price target 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. Robert W. Baird raised their price target 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. Finally, Morgan Stanley raised their price target 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. One research 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.