Aviva PLC Takes $972,000 Position in Curtiss-Wright Co. (NYSE:CW)

Aviva PLC purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,513 shares of the aerospace company’s stock, valued at approximately $972,000.

Several other institutional investors also recently added to or reduced their stakes in CW. Wellington Shields & Co. LLC bought a new position in Curtiss-Wright during the fourth quarter valued at about $43,000. Orion Capital Management LLC bought a new position in Curtiss-Wright during the first quarter valued at about $44,000. Signaturefd LLC grew its position in Curtiss-Wright by 26.8% during the first quarter. Signaturefd LLC now owns 303 shares of the aerospace company’s stock valued at $53,000 after buying an additional 64 shares during the period. Covestor Ltd boosted its position in Curtiss-Wright by 91.3% during the first quarter. Covestor Ltd now owns 350 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 167 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter worth about $54,000. Institutional investors own 80.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CW shares. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 3rd. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $200.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Morgan Stanley upgraded shares of Curtiss-Wright from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $188.00 to $229.00 in a research note on Monday, August 7th. Finally, William Blair started coverage on shares of Curtiss-Wright in a research note on Friday, May 19th. They issued an “outperform” rating for the company. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $208.40.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $201.53 on Friday. The company has a 50 day moving average of $197.15 and a 200 day moving average of $180.13. The stock has a market cap of $7.72 billion, a P/E ratio of 24.25 and a beta of 1.25. Curtiss-Wright Co. has a 12 month low of $136.21 and a 12 month high of $209.77. The company has a current ratio of 2.11, a quick ratio of 1.36 and a debt-to-equity ratio of 0.55.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.97 by $0.18. The company had revenue of $704.40 million during the quarter, compared to analysts’ expectations of $648.77 million. Curtiss-Wright had a net margin of 11.77% and a return on equity of 16.58%. As a group, sell-side analysts forecast that Curtiss-Wright Co. will post 9.07 EPS for the current fiscal year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director David Charles Adams sold 4,660 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $190.00, for a total transaction of $885,400.00. Following the completion of the sale, the director now directly owns 41,559 shares in the company, valued at $7,896,210. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Curtiss-Wright news, Director David Charles Adams sold 4,660 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $190.00, for a total transaction of $885,400.00. Following the completion of the sale, the director now directly owns 41,559 shares in the company, valued at $7,896,210. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 2,064 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $190.00, for a total transaction of $392,160.00. Following the sale, the vice president now owns 17,082 shares of the company’s stock, valued at $3,245,580. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 219 shares of company stock valued at $34,039 and sold 6,948 shares valued at $1,324,069. 0.67% of the stock is owned by corporate insiders.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.