43,756 Shares in Curtiss-Wright Corporation $CW Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 43,756 shares of the aerospace company’s stock, valued at approximately $33,157,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.12% of Curtiss-Wright as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CW. Goldman Sachs Group Inc. raised its position in Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after purchasing an additional 20,379 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $235,000. Northwestern Mutual Wealth Management Co. lifted its stake in Curtiss-Wright by 53.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 35 shares during the period. Marshall Wace LLP purchased a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $5,423,000. Finally, Cresset Asset Management LLC lifted its holdings in Curtiss-Wright by 46.4% in the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after buying an additional 457 shares during the period. 82.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the business’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 of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of research reports. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a report on Wednesday, July 15th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Citigroup raised their price target on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. 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, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $782.50.

Curtiss-Wright Price Performance

NYSE CW opened at $649.78 on Friday. Curtiss-Wright Corporation has a 12-month low of $465.51 and a 12-month high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $24.00 billion, a P/E ratio of 44.72, a P/E/G ratio of 3.04 and a beta of 0.87. The firm’s fifty day simple moving average is $737.15 and its two-hundred day simple moving average is $716.48.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data 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 net margin of 14.81% and a return on equity of 20.49%. The firm had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. During the same period last year, the firm posted $3.23 EPS. Curtiss-Wright’s revenue was up 5.4% on a year-over-year basis. Analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

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.