Korea Investment CORP purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,584 shares of the aerospace company's stock, valued at approximately $20,144,000. Korea Investment CORP owned approximately 0.07% of Curtiss-Wright as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Curtiss-Wright during the 2nd quarter worth $3,448,649,000. State Street Corp lifted its holdings in shares of Curtiss-Wright by 1.2% in the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company's stock worth $780,091,000 after buying an additional 16,962 shares during the period. Invesco Ltd. grew its position in shares of Curtiss-Wright by 7.9% during the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company's stock worth $671,231,000 after buying an additional 88,688 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Curtiss-Wright by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company's stock worth $464,130,000 after buying an additional 47,287 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Curtiss-Wright by 9.3% during the fourth quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company's stock valued at $293,972,000 after buying an additional 45,589 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Morgan Stanley restated an "overweight" rating and issued a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a "hold" rating in a research report on Monday, July 20th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Citigroup upped their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $782.50.
Get Our Latest Analysis on CW
Insiders Place Their Bets
In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction that occurred 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 transaction, the executive vice president owned 3,962 shares of the company's stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $288,058.05. Following the transaction, the vice president owned 2,172 shares of the company's stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. 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. Over the last ninety days, insiders sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is owned by corporate insiders.
Curtiss-Wright Trading Down 0.1%
CW opened at $634.55 on Monday. The firm has a market cap of $23.43 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 2.86 and a beta of 0.87. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 12 month low of $465.51 and a 12 month high of $808.16. The stock has a fifty day moving average price of $734.68 and a 200-day moving average price of $716.27.
Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $926.17 million. During the same period in the prior year, the business posted $3.23 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.
About Curtiss-Wright
(
Free Report)
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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