BI Asset Management Fondsmaeglerselskab A S Makes New $5.20 Million Investment in Curtiss-Wright Corporation $CW

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 16,382 shares of the aerospace company’s stock, valued at approximately $5,198,000.

Several other hedge funds have also bought and sold shares of the stock. Hsbc Holdings PLC increased its position in Curtiss-Wright by 249.6% in the first quarter. Hsbc Holdings PLC now owns 14,008 shares of the aerospace company’s stock worth $4,407,000 after buying an additional 10,001 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Curtiss-Wright by 52.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,534 shares of the aerospace company’s stock worth $804,000 after acquiring an additional 870 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Curtiss-Wright in the 1st quarter worth approximately $3,499,000. Wellington Management Group LLP raised its stake in Curtiss-Wright by 5.3% during the 1st quarter. Wellington Management Group LLP now owns 189,250 shares of the aerospace company’s stock worth $60,043,000 after acquiring an additional 9,569 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in Curtiss-Wright by 12.7% during the first quarter. Aptus Capital Advisors LLC now owns 30,542 shares of the aerospace company’s stock valued at $9,690,000 after purchasing an additional 3,437 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bruce D. Hoechner sold 1,900 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the transaction, the vice president owned 4,959 shares of the company’s stock, valued at approximately $2,228,376.24. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CW shares. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Citigroup raised their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a report on Monday, July 14th. Morgan Stanley boosted their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Truist Financial cut their target price on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Finally, Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $468.14.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $480.1220 on Thursday. The stock has a 50 day moving average of $483.94 and a 200 day moving average of $398.26. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $517.09. The firm has a market cap of $18.09 billion, a PE ratio of 40.52, a PEG ratio of 2.94 and a beta of 1.18. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the previous year, the company posted $2.67 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.