Sumitomo Mitsui DS Asset Management Company Ltd Makes New Investment in Curtiss-Wright Corporation $CW

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,003 shares of the aerospace company’s stock, valued at approximately $1,104,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its stake in Curtiss-Wright by 31.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock valued at $395,665,000 after purchasing an additional 174,592 shares during the last quarter. AQR Capital Management LLC grew its holdings in Curtiss-Wright by 45.8% in the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after buying an additional 122,048 shares during the period. Freestone Grove Partners LP purchased a new stake in Curtiss-Wright in the 3rd quarter valued at about $62,320,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at about $51,089,000. Finally, M&T Bank Corp increased its stake in shares of Curtiss-Wright by 5,993.0% during the 4th quarter. M&T Bank Corp now owns 77,868 shares of the aerospace company’s stock valued at $42,926,000 after acquiring an additional 76,590 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $728.36 on Friday. The firm has a market capitalization of $26.88 billion, a PE ratio of 53.36, a P/E/G ratio of 3.46 and a beta of 0.86. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.00. The business has a 50-day moving average of $703.16 and a two-hundred day moving average of $634.84. Curtiss-Wright Corporation has a 12 month low of $370.50 and a 12 month high of $750.00.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.82 earnings per share. Curtiss-Wright has set its FY 2026 guidance at 14.900-15.300 EPS. As a group, research analysts forecast that Curtiss-Wright Corporation will post 15.08 earnings per share for the current year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,225 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the completion of the sale, the chief executive officer directly owned 50,634 shares in the company, valued at $34,264,027.80. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 918 shares of the stock in a transaction dated 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 owned 5,518 shares of the company’s stock, valued at approximately $3,738,224.28. This trade represents a 14.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,961 shares of company stock valued at $4,039,279 over the last three months. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. 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. Citigroup lifted their price target on shares of Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $738.83.

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.