Swedbank AB Buys 93,059 Shares of Curtiss-Wright Corporation $CW

Swedbank AB grew its stake in Curtiss-Wright Corporation (NYSE:CW) by 21,101.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,500 shares of the aerospace company’s stock after purchasing an additional 93,059 shares during the quarter. Swedbank AB’s holdings in Curtiss-Wright were worth $51,544,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CW. BI Asset Management Fondsmaeglerselskab A S bought a new position in Curtiss-Wright during the third quarter worth about $2,781,000. SG Americas Securities LLC increased its position in Curtiss-Wright by 738.8% during the fourth quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock worth $14,335,000 after acquiring an additional 22,903 shares during the period. CIBC Bancorp USA Inc. bought a new position in Curtiss-Wright during the third quarter worth about $37,812,000. Grove Bank & Trust bought a new position in Curtiss-Wright during the fourth quarter worth about $1,104,000. Finally, Fisher Asset Management LLC increased its position in Curtiss-Wright by 7.2% during the third quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company’s stock worth $65,443,000 after acquiring an additional 8,095 shares during the period. 82.71% of the stock is owned by institutional investors.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $678.11, for a total value of $149,184.20. Following the transaction, the executive vice president directly owned 4,182 shares of the company’s stock, valued at $2,835,856.02. This trade represents a 5.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO K Christopher Farkas sold 918 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total transaction of $621,908.28. Following the completion of the transaction, the chief financial officer directly owned 5,518 shares in the company, valued at approximately $3,738,224.28. This represents a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 5,961 shares of company stock worth $4,039,279. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $730.37 on Monday. 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 Corporation has a 12 month low of $413.35 and a 12 month high of $760.72. The firm has a market cap of $26.98 billion, a P/E ratio of 53.51, a P/E/G ratio of 3.39 and a beta of 0.86. The company’s 50-day moving average price is $709.33 and its two-hundred day moving average price is $646.58.

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

Curtiss-Wright Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.

Analyst Ratings Changes

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

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.