Deutsche Bank AG Reduces Holdings in Curtiss-Wright Corporation (NYSE:CW)

Key Points

• Deutsche Bank AG reduced its stake in Curtiss-Wright Corporation by 3% during Q1, now holding 109,377 shares valued at approximately $34.7 million.
• Several institutional investors have significantly increased their holdings in Curtiss-Wright, with Whipplewood Advisors LLC raising theirs by 1,566.7% during the same period.
• Curtiss-Wright's latest earnings report showed an EPS of $3.23, exceeding estimates, and the company announced an increase in its quarterly dividend from $0.21 to $0.24.

Deutsche Bank AG lessened its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,377 shares of the aerospace company's stock after selling 3,385 shares during the quarter. Deutsche Bank AG owned approximately 0.29% of Curtiss-Wright worth $34,702,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CW. Ascent Group LLC lifted its position in shares of Curtiss-Wright by 4.9% during the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock worth $253,000 after buying an additional 33 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Curtiss-Wright by 1.6% during the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after buying an additional 34 shares during the last quarter. Portside Wealth Group LLC lifted its position in shares of Curtiss-Wright by 1.6% during the 1st quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock worth $680,000 after buying an additional 34 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of Curtiss-Wright by 15.6% during the 4th quarter. GeoWealth Management LLC now owns 318 shares of the aerospace company's stock worth $113,000 after buying an additional 43 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of Curtiss-Wright by 4.7% during the 4th quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock worth $337,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Down 0.9%

Shares of NYSE:CW traded down $4.40 during mid-day trading on Friday, hitting $487.75. 300,609 shares of the company traded hands, compared to its average volume of 362,074. The stock has a 50-day moving average price of $482.66 and a two-hundred day moving average price of $395.76. The stock has a market cap of $18.38 billion, a P/E ratio of 41.16, a P/E/G ratio of 2.99 and a beta of 1.18. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $517.09. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. The business had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%. Curtiss-Wright's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $2.67 earnings per share. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on CW. Robert W. Baird increased their target price on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Stifel Nicolaus raised their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Citigroup raised their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Morgan Stanley raised their price objective on 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 reduced their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

Insider Buying and Selling at Curtiss-Wright

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

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.