Vontobel Holding Ltd. Grows Holdings in Curtiss-Wright Corporation (NYSE:CW)

Vontobel Holding Ltd. boosted its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 100.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,140 shares of the aerospace company's stock after purchasing an additional 571 shares during the period. Vontobel Holding Ltd.'s holdings in Curtiss-Wright were worth $362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CW. Whipplewood Advisors LLC raised its holdings in Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in shares of Curtiss-Wright during the 4th quarter valued at approximately $35,000. Ancora Advisors LLC purchased a new stake in shares of Curtiss-Wright during the 4th quarter valued at approximately $49,000. MassMutual Private Wealth & Trust FSB increased its holdings in Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Finally, Tsfg LLC increased its holdings in Curtiss-Wright by 112.7% in the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock valued at $69,000 after purchasing an additional 115 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the sale, the chief financial officer owned 9,253 shares of the company's stock, valued at $3,238,550. This represents a 34.06% 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 stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 7,130 shares of company stock valued at $2,726,412 over the last quarter. Company insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup boosted their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Stifel Nicolaus reduced their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Truist Financial reduced their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Robert W. Baird upped their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus price target of $418.00.

Curtiss-Wright Price Performance

CW traded down $9.54 on Tuesday, hitting $481.86. 306,337 shares of the company were exchanged, compared to its average volume of 316,262. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. The business's fifty day moving average is $435.85 and its 200 day moving average is $369.96. Curtiss-Wright Corporation has a fifty-two week low of $258.85 and a fifty-two week high of $493.95. The firm has a market capitalization of $18.15 billion, a P/E ratio of 42.87, a price-to-earnings-growth ratio of 3.20 and a beta of 1.15.

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

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were paid a dividend of $0.24 per share. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. Curtiss-Wright's dividend 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.