Danske Bank A S Invests $19.27 Million in Curtiss-Wright Corporation $CW

Danske Bank A S purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 25,436 shares of the aerospace company’s stock, valued at approximately $19,274,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Curtiss-Wright in the second quarter worth about $3,448,649,000. Norges Bank bought a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $290,633,000. Corient Private Wealth LLC grew its stake in shares of Curtiss-Wright by 6,169.8% during the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after buying an additional 400,047 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Curtiss-Wright in the second quarter worth approximately $270,458,000. Finally, Franklin Resources Inc. lifted its stake in shares of Curtiss-Wright by 61.0% during the 4th quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock worth $270,392,000 after acquiring an additional 185,887 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their position. The sale was disclosed in a document filed 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 Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 3.5%

Shares of NYSE CW opened at $649.78 on Friday. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The firm has a market cap of $24.00 billion, a PE ratio of 44.72, a price-to-earnings-growth ratio of 3.04 and a beta of 0.87. The business has a fifty day simple moving average of $737.15 and a two-hundred day simple moving average of $716.48. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $926.17 million. During the same quarter last year, the firm posted $3.23 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

CW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research report on Wednesday, August 12th. Morgan Stanley reiterated an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Stifel Nicolaus boosted their target price 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. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $782.50.

Curtiss-Wright 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.