Swiss National Bank Sells 1,800 Shares of Curtiss-Wright Corporation (NYSE:CW)

Swiss National Bank cut its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,500 shares of the aerospace company's stock after selling 1,800 shares during the quarter. Swiss National Bank owned 0.20% of Curtiss-Wright worth $23,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CW. Minot DeBlois Advisors LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $35,000. Whipplewood Advisors LLC grew its stake in Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 94 shares during the period. Ancora Advisors LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $49,000. Private Trust Co. NA boosted its position in shares of Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after buying an additional 138 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of CW traded down $4.40 during mid-day trading on Friday, hitting $487.75. The stock had a trading volume of 300,609 shares, compared to its average volume of 362,074. The firm has a market cap of $18.38 billion, a P/E ratio of 41.16, a PEG ratio of 2.99 and a beta of 1.18. The business has a fifty day moving average price of $482.66 and a 200-day moving average price of $395.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.10. The firm 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%. The business's revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.67 earnings per share. On average, equities research analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the sale, the vice president directly owned 4,959 shares in the company, valued at $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction 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 sale, the director owned 4,523 shares in the company, valued at approximately $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.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley lifted their target price on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Truist Financial cut their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Citigroup lifted their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus lifted their price target on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $468.14.

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.