Nordea Investment Management AB Has $12.92 Million Holdings in Curtiss-Wright Corporation $CW

Key Points

• Nordea Investment Management AB trimmed its position in Curtiss‑Wright by 15.4%, selling 4,218 shares and leaving 23,210 shares valued at about $12.92 million.
• Several large institutions opened or expanded stakes—Norges Bank added a new position (~$241.5M) and Massachusetts Financial Services now owns 728,745 shares (~$395.7M)—resulting in 82.71% of the company being institutionally owned.
• Curtiss‑Wright beat quarterly estimates (EPS $3.79 vs. $3.66; revenue $946.98M vs. $890.14M) and carries a consensus analyst rating of "Moderate Buy" with an average price target of $663.17.

Nordea Investment Management AB trimmed its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,210 shares of the aerospace company's stock after selling 4,218 shares during the quarter. Nordea Investment Management AB owned 0.06% of Curtiss-Wright worth $12,923,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Curtiss-Wright during the 2nd quarter valued at $241,537,000. Massachusetts Financial Services Co. MA grew its position in Curtiss-Wright by 31.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company's stock worth $395,665,000 after purchasing an additional 174,592 shares during the last quarter. Munro Partners acquired a new stake in Curtiss-Wright in the 2nd quarter worth $78,000,000. AQR Capital Management LLC increased its holdings in shares of Curtiss-Wright by 45.8% during the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company's stock worth $189,468,000 after purchasing an additional 122,048 shares during the period. Finally, Freestone Grove Partners LP bought a new position in shares of Curtiss-Wright during the 3rd quarter worth about $62,320,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Insiders Place Their Bets

In related news, CFO K Christopher Farkas sold 2,665 shares of the business's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,669,169.45. Following the sale, the chief financial officer owned 7,358 shares of the company's stock, valued at $4,608,536.14. The trade was a 26.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 9,327 shares of the company's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the sale, the chief executive officer owned 46,192 shares in the company, valued at $28,936,978.40. This trade represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,112 shares of company stock worth $14,768,527 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Price Performance

NYSE:CW opened at $700.39 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The company has a 50-day moving average of $675.75 and a 200-day moving average of $596.23. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $730.12. The company has a market capitalization of $25.82 billion, a price-to-earnings ratio of 54.42, a PEG ratio of 3.35 and a beta of 0.91.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business had revenue of $946.98 million for the quarter, compared to analysts' expectations of $890.14 million. During the same quarter in the previous year, the firm posted $3.27 earnings per share. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright's dividend payout ratio is currently 7.46%.

Analyst Ratings Changes

CW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Morgan Stanley restated an "overweight" rating and set a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Citigroup upped their price target on Curtiss-Wright from $661.00 to $718.00 and gave the company a "neutral" rating in a report on Friday, February 13th. Truist Financial set a $603.00 price objective on Curtiss-Wright in a research report on Friday, January 9th. Finally, Wall Street Zen raised Curtiss-Wright from a "hold" rating to a "buy" rating in a report on Saturday, January 10th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $663.17.

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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