UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Position in Curtiss-Wright Corporation $CW

Key Points

• UBS Asset Management increased its stake in Curtiss-Wright Corporation by 8.3%, owning 155,188 shares valued at approximately $49.24 million.
• Curtiss-Wright reported earnings of $3.23 EPS, exceeding analysts' expectations, with a revenue of $876.58 million, reflecting an 11.7% increase from last year.
• The company announced a quarterly dividend of $0.24 per share, which will be paid on October 10th, with a current yield of 0.2%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 155,188 shares of the aerospace company's stock after buying an additional 11,855 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.41% of Curtiss-Wright worth $49,236,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CW. Whipplewood Advisors LLC boosted its position in shares of Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares in the last quarter. 1 North Wealth Services LLC bought a new stake in shares of Curtiss-Wright during the first quarter valued at approximately $32,000. 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 purchasing an additional 138 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Curtiss-Wright by 165.3% during the first 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 in the last quarter. Finally, Tsfg LLC boosted its position in shares of Curtiss-Wright by 112.7% during the first quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock valued at $69,000 after purchasing an additional 115 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Down 0.2%

Curtiss-Wright stock opened at $509.88 on Monday. The stock has a market cap of $19.21 billion, a PE ratio of 43.03, a price-to-earnings-growth ratio of 3.12 and a beta of 1.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $517.09. The stock has a fifty day moving average of $486.75 and a 200 day moving average of $417.27.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. The company had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.Curtiss-Wright's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.67 earnings per share. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright's dividend payout ratio is 8.10%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CW shares. Citigroup lifted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Morgan Stanley lifted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Robert W. Baird lifted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Truist Financial dropped their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $468.14.

Insider Buying and Selling

In related news, VP John C. Watts sold 1,110 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.