Deutsche Bank AG Purchases 2,181 Shares of Curtiss-Wright Co. (NYSE:CW)

Deutsche Bank AG boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,762 shares of the aerospace company's stock after purchasing an additional 2,181 shares during the period. Deutsche Bank AG owned about 0.30% of Curtiss-Wright worth $40,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CW. Driehaus Capital Management LLC lifted its position in Curtiss-Wright by 3.0% in the fourth quarter. Driehaus Capital Management LLC now owns 291,582 shares of the aerospace company's stock valued at $103,474,000 after buying an additional 8,447 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Curtiss-Wright by 4.7% in the fourth quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock worth $337,000 after purchasing an additional 43 shares in the last quarter. Eagle Global Advisors LLC boosted its position in Curtiss-Wright by 270.3% in the fourth quarter. Eagle Global Advisors LLC now owns 36,124 shares of the aerospace company's stock valued at $12,819,000 after buying an additional 26,368 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Curtiss-Wright by 10.3% during the 4th quarter. Cetera Investment Advisers now owns 16,718 shares of the aerospace company's stock valued at $5,933,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Blue Capital Inc. acquired a new stake in Curtiss-Wright during the 4th quarter worth approximately $735,000. 82.71% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Paul J. Ferdenzi sold 658 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. The trade was a 3.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares of the company's stock, valued at approximately $617,953.59. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,642 shares of company stock valued at $3,581,107 in the last ninety days. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock traded up $0.88 during trading hours on Monday, hitting $410.99. The company's stock had a trading volume of 21,410 shares, compared to its average volume of 269,923. The business has a 50 day moving average price of $335.15 and a two-hundred day moving average price of $347.02. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $413.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market cap of $15.48 billion, a PE ratio of 38.92, a PEG ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The company had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. During the same period in the previous year, the company posted $1.99 EPS. Curtiss-Wright's revenue was up 13.0% compared to the same quarter last year. Analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's payout ratio is 8.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup cut their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. StockNews.com raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Truist Financial decreased their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus reduced their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $377.43.

Curtiss-Wright Company Profile

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