BI Asset Management Fondsmaeglerselskab A S Sells 1,486 Shares of Curtiss-Wright Corporation $CW

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Curtiss-Wright Corporation (NYSE:CW) by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,636 shares of the aerospace company’s stock after selling 1,486 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Curtiss-Wright were worth $2,004,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. IFP Advisors Inc raised its stake in shares of Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after acquiring an additional 16 shares during the last quarter. Clearstead Advisors LLC raised its stake in shares of Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after acquiring an additional 17 shares during the last quarter. Mayflower Financial Advisors LLC raised its stake in shares of Curtiss-Wright by 2.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock valued at $337,000 after acquiring an additional 17 shares during the last quarter. Huntington National Bank raised its stake in shares of Curtiss-Wright by 9.5% during the third quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock valued at $113,000 after acquiring an additional 18 shares during the last quarter. Finally, Lisanti Capital Growth LLC raised its stake in shares of Curtiss-Wright by 0.7% during the fourth quarter. Lisanti Capital Growth LLC now owns 2,845 shares of the aerospace company’s stock valued at $1,568,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CW. Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Citigroup raised their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $746.67.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 918 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total value of $621,908.28. Following the completion of the sale, the chief financial officer directly owned 5,518 shares in the company, valued at approximately $3,738,224.28. This trade represents a 14.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Gary A. Ogilby sold 252 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $689.14, for a total transaction of $173,663.28. Following the completion of the sale, the vice president owned 2,571 shares of the company’s stock, valued at $1,771,778.94. The trade was a 8.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 6,181 shares of company stock valued at $4,204,919. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 1.8%

NYSE:CW opened at $720.12 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $26.60 billion, a price-to-earnings ratio of 52.76, a PEG ratio of 3.40 and a beta of 0.85. The firm has a fifty day simple moving average of $721.01 and a two-hundred day simple moving average of $659.59. Curtiss-Wright Corporation has a 12 month low of $443.00 and a 12 month high of $760.72.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. The business had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $2.82 earnings per share. Analysts expect that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.03%.

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.