Nykredit A S Takes Position in Curtiss-Wright Corporation $CW

Nykredit A S purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,764 shares of the aerospace company’s stock, valued at approximately $11,945,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Curtiss-Wright during the second quarter worth $3,448,649,000. Pacer Advisors Inc. boosted its position in shares of Curtiss-Wright by 114.8% during the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after acquiring an additional 5,749 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Curtiss-Wright during the fourth quarter worth about $1,104,000. Northwestern Mutual Wealth Management Co. raised its stake in Curtiss-Wright by 39,282.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock worth $35,605,000 after purchasing an additional 64,423 shares during the period. Finally, Catalyst Funds Management Pty Ltd increased its holdings in shares of Curtiss-Wright by 72.8% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock worth $4,097,000 after buying an additional 3,132 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the transaction, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 1,035 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares in the company, valued at approximately $1,694,842.56. The trade was a 27.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,034 shares of company stock valued at $2,793,173 over the last three months. 0.51% of the stock is currently owned by company insiders.

Curtiss-Wright Trading Down 0.4%

CW opened at $566.24 on Friday. Curtiss-Wright Corporation has a 52 week low of $465.51 and a 52 week high of $808.16. The business has a fifty day simple moving average of $698.81 and a 200-day simple moving average of $711.54. The firm has a market cap of $20.91 billion, a P/E ratio of 38.97, a P/E/G ratio of 2.57 and a beta of 0.84. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the previous year, the business earned $3.23 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Curtiss-Wright Corporation will post 15.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a report on Wednesday, August 12th. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Finally, Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $765.71.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.