133,962 Shares in Curtiss-Wright Corporation $CW Acquired by Deutsche Bank AG

Deutsche Bank AG acquired a new stake 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 & Exchange Commission. The fund acquired 133,962 shares of the aerospace company’s stock, valued at approximately $101,511,000.

Several other large investors have also recently bought and sold shares of CW. Perigon Wealth Management LLC acquired a new position in Curtiss-Wright in the second quarter valued at about $569,000. Rice Hall James & Associates LLC acquired a new stake in shares of Curtiss-Wright during the second quarter worth about $1,168,000. Trust Co. of Vermont bought a new position in shares of Curtiss-Wright during the 2nd quarter valued at about $61,000. TimesSquare Capital Management LLC bought a new position in shares of Curtiss-Wright during the 2nd quarter valued at about $124,673,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $33,157,000. Institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction that occurred on 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 directly owned 3,962 shares in the company, valued at $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is owned by insiders.

Curtiss-Wright Stock Down 3.5%

Shares of CW stock opened at $649.78 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 1 year low of $465.51 and a 1 year high of $808.16. The firm’s fifty day moving average price is $737.15 and its two-hundred day moving average price is $716.48. The firm has a market capitalization of $24.00 billion, a P/E ratio of 44.72, a PEG ratio of 3.04 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $926.17 million. During the same period in the previous year, the firm posted $3.23 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CW. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Citigroup lifted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Finally, Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $782.50.

About Curtiss-Wright

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.