ABN AMRO Bank N.V. Purchases Shares of 7,157 Curtiss-Wright Corporation $CW

Key Points

• ABN AMRO Bank acquired 7,157 Curtiss-Wright shares in the second quarter, valued at approximately $5.4 million. Institutional investors and hedge funds own 82.71% of the company.
• Curtiss-Wright reported quarterly earnings of $3.72 per share, exceeding estimates by $0.10, while revenue rose 5.4% year over year to $924.01 million.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $782.50, although company insiders sold 3,119 shares worth roughly $2.26 million over the past quarter.

ABN AMRO Bank N.V. purchased a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,157 shares of the aerospace company's stock, valued at approximately $5,411,000.

Several other institutional investors and hedge funds also recently modified their holdings of CW. CWM LLC increased its position in shares of Curtiss-Wright by 75.8% in the fourth quarter. CWM LLC now owns 18,425 shares of the aerospace company's stock valued at $10,157,000 after acquiring an additional 7,944 shares during the last quarter. Pacer Advisors Inc. grew its stake in Curtiss-Wright by 114.8% in the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company's stock valued at $5,931,000 after purchasing an additional 5,749 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $1,104,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Curtiss-Wright by 39,282.3% during the 4th 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 in the last quarter. Finally, Catalyst Funds Management Pty Ltd boosted its holdings in shares of Curtiss-Wright by 72.8% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company's stock valued at $4,097,000 after buying an additional 3,132 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares of the company's stock, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock worth $2,257,998 over the last quarter. Company insiders own 0.51% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW opened at $698.64 on Friday. The company's 50-day moving average is $741.61 and its 200-day moving average is $715.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The firm has a market capitalization of $25.80 billion, a PE ratio of 48.08, a PEG ratio of 3.15 and a beta of 0.87. Curtiss-Wright Corporation has a fifty-two week low of $465.51 and a fifty-two week high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $926.17 million. During the same quarter in the previous year, the firm posted $3.23 EPS. Curtiss-Wright's revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CW shares. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a "hold" rating in a research note on Monday, July 20th. Wall Street Zen cut shares of Curtiss-Wright from a "buy" rating to a "hold" rating in a report on Saturday. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note on Wednesday. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Finally, Citigroup boosted their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $782.50.

About Curtiss-Wright

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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