UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Curtiss-Wright Co. (NYSE:CW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,333 shares of the aerospace company's stock after purchasing an additional 23,067 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.38% of Curtiss-Wright worth $50,865,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $31,000. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $35,000. Ancora Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $49,000. Altshuler Shaham Ltd acquired a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $70,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Curtiss-Wright by 85.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock worth $82,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE CW traded down $3.27 during midday trading on Friday, reaching $437.70. The company's stock had a trading volume of 91,109 shares, compared to its average volume of 274,858. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $453.02. The company has a market cap of $16.48 billion, a P/E ratio of 41.49, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The business's 50 day moving average price is $353.93 and its two-hundred day moving average price is $351.02.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.99 earnings per share. On average, analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.22%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio is 8.54%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CW shares. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Citigroup reduced their price target on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus reduced their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Truist Financial reduced their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Finally, Robert W. Baird raised their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average target price of $404.29.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, 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 completion of the sale, the vice president now owns 4,959 shares in the company, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,092 shares of company stock valued at $3,783,319. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright 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.