Daiichi Life Insurance Co. Ltd. Takes Position in Curtiss-Wright Corporation $CW

Daiichi Life Insurance Co. Ltd. bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,705 shares of the aerospace company’s stock, valued at approximately $1,292,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CW. Transamerica Financial Advisors LLC raised its holdings in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 15 shares during the period. IFP Advisors Inc grew its position in shares of Curtiss-Wright by 2.3% in the fourth 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 last quarter. Summit Financial LLC grew its position in shares of Curtiss-Wright by 2.3% in the fourth 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 last quarter. VestGen Investment Management increased its stake in shares of Curtiss-Wright by 0.9% during the fourth quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock worth $1,031,000 after purchasing an additional 17 shares during the period. Finally, Jackson Thornton Wealth Management LLC lifted its holdings in Curtiss-Wright by 4.9% during the 1st quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CW. Stifel Nicolaus upped their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Citigroup boosted their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Finally, Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Curtiss-Wright Trading Down 0.1%

Shares of CW stock opened at $634.55 on Monday. The stock has a market cap of $23.43 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year 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 stock has a 50 day simple moving average of $734.68 and a 200 day simple moving average of $716.27.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The firm had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $3.23 EPS. On average, research analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This represents a 5.26% 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. Insiders sold a total of 3,119 shares of company stock valued at $2,257,998 over the last quarter. 0.51% of the stock is owned by corporate insiders.

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.