BI Asset Management Fondsmaeglerselskab A S Has $10.01 Million Holdings in Curtiss-Wright Corporation $CW

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 304.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 14,696 shares of the aerospace company’s stock after purchasing an additional 11,060 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Curtiss-Wright were worth $10,010,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC increased its holdings in shares of Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares in the last quarter. IFP Advisors Inc grew its position in shares of Curtiss-Wright by 2.3% in the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 16 shares during the period. Summit Financial LLC grew its position in shares of Curtiss-Wright by 2.3% in the 4th quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock valued at $384,000 after purchasing an additional 16 shares during the period. Clearstead Advisors LLC increased its stake in Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 17 shares in the last quarter. Finally, Mayflower Financial Advisors LLC raised its holdings in Curtiss-Wright by 2.9% during the 4th quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after buying an additional 17 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Citigroup raised their price objective on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $746.67.

Curtiss-Wright Trading Up 1.2%

NYSE:CW opened at $780.87 on Monday. The company has a market cap of $28.85 billion, a P/E ratio of 57.21, a price-to-earnings-growth ratio of 3.58 and a beta of 0.85. Curtiss-Wright Corporation has a twelve month low of $458.74 and a twelve month high of $800.00. The business has a 50 day moving average price of $733.85 and a two-hundred day moving average price of $672.83. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

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

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s payout ratio is 7.62%.

Insider Transactions at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares in the company, valued at $2,983,029.42. This trade represents a 5.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock worth $2,257,998 in the last three months. Insiders own 0.51% of the company’s stock.

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.