HHM Wealth Advisors LLC Buys Shares of 400 Curtiss-Wright Co. (NYSE:CW)

HHM Wealth Advisors LLC purchased a new stake in Curtiss-Wright Co. (NYSE:CW) during the 2nd quarter, Holdings Channel reports. The fund purchased 400 shares of the aerospace company’s stock, valued at approximately $108,000.

A number of other hedge funds have also modified their holdings of the business. Versant Capital Management Inc lifted its stake in 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 in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in shares of Curtiss-Wright in the second quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Curtiss-Wright by 1,933.3% in 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 in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter valued at $32,000. Finally, Sachetta LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth about $45,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Curtiss-Wright Stock Performance

Shares of CW stock opened at $300.50 on Thursday. 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 firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 30.95 and a beta of 1.18. Curtiss-Wright Co. has a one year low of $190.64 and a one year high of $318.20. The company has a 50 day moving average price of $290.90 and a 200 day moving average price of $271.67.

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

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. In the last three months, insiders purchased 120 shares of company stock worth $27,914. Corporate 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.