25,436 Shares in Curtiss-Wright Corporation $CW Purchased by Danske Bank A S

Key Points

• Danske Bank purchased 25,436 Curtiss-Wright shares during the second quarter, valued at approximately $19.3 million and representing 0.07% of the company. Institutional investors collectively own 82.71% of the stock.
• Analyst sentiment remains moderately positive, with three Buy and three Hold ratings and an average price target of $782.50. Recent targets ranged from $768 to $801.
• Curtiss-Wright exceeded quarterly EPS expectations, reporting $3.72 versus the $3.62 consensus, while revenue rose 5.4% year over year to $924.01 million. Company insiders sold 3,119 shares worth approximately $2.26 million during the last quarter.

Danske Bank A S bought a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,436 shares of the aerospace company's stock, valued at approximately $19,274,000. Danske Bank A S owned 0.07% of Curtiss-Wright at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. State Street Corp boosted its position in shares of Curtiss-Wright by 1.2% during the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company's stock worth $780,091,000 after acquiring an additional 16,962 shares during the last quarter. Invesco Ltd. grew its stake in Curtiss-Wright by 7.9% during the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company's stock valued at $671,231,000 after acquiring an additional 88,688 shares in the last quarter. Geode Capital Management LLC increased its holdings in Curtiss-Wright by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company's stock valued at $464,130,000 after acquiring an additional 47,287 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Curtiss-Wright by 9.3% in the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company's stock valued at $293,972,000 after acquiring an additional 45,589 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a report on Wednesday, August 12th. Citigroup lifted their target price on Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. Weiss Ratings downgraded Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 7th. Wall Street Zen lowered Curtiss-Wright from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Stifel Nicolaus raised their price target on Curtiss-Wright from $724.00 to $768.00 and gave the company a "hold" rating in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $782.50.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The stock was 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. This trade represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 3,119 shares of company stock worth $2,257,998. Corporate insiders own 0.51% of the company's stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $649.78 on Friday. Curtiss-Wright Corporation has a 52-week low of $465.51 and a 52-week high of $808.16. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The firm's fifty day moving average is $737.15 and its 200 day moving average is $716.48. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 3.04 and a beta of 0.87.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business had revenue of $924.01 million during the quarter, compared to analysts' expectations of $926.17 million. During the same period last year, the company posted $3.23 EPS. The business's revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

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.

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