Nykredit A S Buys New Position in Curtiss-Wright Corporation $CW

Key Points

• Nykredit A/S acquired 15,764 Curtiss-Wright shares during the second quarter, valued at approximately $11.9 million. Institutional investors collectively own 82.71% of the company.
• Curtiss-Wright exceeded quarterly earnings expectations, reporting EPS of $3.72 versus the $3.62 consensus estimate, while revenue rose 5.4% year over year to $924.01 million.
• The stock carries a consensus “Hold” rating with an average analyst price target of $765.71; shares recently opened at $566.24, well below their 12-month high of $808.16.

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

A number of other large investors have also modified their holdings of the business. Quantbot Technologies LP acquired a new stake in Curtiss-Wright in the 2nd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Curtiss-Wright during the second quarter worth $30,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $31,000. Fiduciary Financial Advisors acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $31,000. Finally, Larson Financial Group LLC raised its stake in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $566.24 on Friday. 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 stock has a market capitalization of $20.91 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 2.57 and a beta of 0.84. The firm's 50 day simple moving average is $698.81 and its 200-day simple moving average is $711.54. Curtiss-Wright Corporation has a 12 month low of $465.51 and a 12 month high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results 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. The firm had revenue of $924.01 million during the quarter, compared to analysts' expectations of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.23 EPS. Analysts expect that Curtiss-Wright Corporation will post 15.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CW. Weiss Ratings upgraded Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Piper Sandler began coverage on Curtiss-Wright in a report on Wednesday. They set a "neutral" rating and a $665.00 target price for the company. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus lifted their price objective 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. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Curtiss-Wright presently has an average rating of "Hold" and a consensus target price of $765.71.

Insiders Place Their Bets

In related news, EVP John C. Watts sold 1,035 shares of Curtiss-Wright stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president owned 2,736 shares of the company's stock, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the sale, the director owned 1,414 shares in the company, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,034 shares of company stock valued at $2,793,173 over the last quarter. Insiders own 0.51% of the company's stock.

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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