Banque Cantonale Vaudoise Makes New Investment in Curtiss-Wright Corporation (NYSE:CW)

Banque Cantonale Vaudoise bought a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,484 shares of the aerospace company's stock, valued at approximately $471,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Curtiss-Wright by 44,878.7% during the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock valued at $82,340,000 after acquiring an additional 258,950 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Curtiss-Wright during the first quarter worth $55,639,000. Bank of New York Mellon Corp lifted its holdings in shares of Curtiss-Wright by 23.3% during the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after purchasing an additional 104,393 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth $34,368,000. Finally, Raymond James Financial Inc. purchased a new position in Curtiss-Wright during the 4th quarter worth $31,497,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP John C. Watts sold 450 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the sale, the vice president directly owned 4,959 shares of the company's stock, valued at $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the transaction, the director directly owned 4,523 shares of the company's stock, valued at $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CW. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $365.00 to $450.00 and gave the company a "hold" rating in a report on Monday, July 21st. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Morgan Stanley upped their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Truist Financial decreased their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus target price of $467.14.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $493.77 on Friday. Curtiss-Wright Corporation has a twelve month low of $258.85 and a twelve month high of $499.30. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The company has a market cap of $18.60 billion, a PE ratio of 43.93, a price-to-earnings-growth ratio of 3.08 and a beta of 1.18. The company's 50 day moving average is $472.92 and its 200 day moving average is $386.66.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the prior year, the business earned $1.99 earnings per share. The business's quarterly revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were issued a $0.24 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright's payout ratio is presently 8.54%.

About Curtiss-Wright

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.

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