UBS Group AG Buys 23,907 Shares of Curtiss-Wright Corporation $CW

Key Points

• UBS Group AG boosted its Curtiss‑Wright stake by 20.0%, purchasing 23,907 shares to hold 143,434 shares worth about $79.1 million (roughly 0.39% of the company).
• Institutional investors own 82.71% of Curtiss‑Wright, and several major funds (State Street, MFS, VanEck, AQR) have recently increased their positions, indicating strong institutional interest.
• Analysts carry a consensus rating of Moderate Buy with a $677 average price target; Curtiss‑Wright recently beat quarterly EPS and revenue estimates (EPS $3.79, revenue +14.9% YoY) while trading near $712.66 (P/E ≈55.4).

UBS Group AG increased its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 20.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 143,434 shares of the aerospace company's stock after purchasing an additional 23,907 shares during the period. UBS Group AG owned 0.39% of Curtiss-Wright worth $79,071,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CW. State Street Corp increased its position in shares of Curtiss-Wright by 1.2% during the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company's stock valued at $780,091,000 after buying an additional 16,962 shares during the period. TD Asset Management Inc grew its stake in Curtiss-Wright by 0.3% during the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company's stock valued at $429,754,000 after acquiring an additional 2,153 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Curtiss-Wright by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company's stock worth $423,519,000 after acquiring an additional 39,515 shares during the period. Van ECK Associates Corp increased its holdings in Curtiss-Wright by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company's stock worth $401,794,000 after acquiring an additional 37,069 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Curtiss-Wright by 25.5% in the 3rd quarter. AQR Capital Management LLC now owns 487,675 shares of the aerospace company's stock worth $262,828,000 after purchasing an additional 99,182 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CW shares. Morgan Stanley reissued an "overweight" rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Citigroup increased their price objective on Curtiss-Wright from $718.00 to $728.00 and gave the stock a "neutral" rating in a research report on Thursday, April 2nd. Wall Street Zen raised Curtiss-Wright from a "hold" rating to a "buy" rating in a research note on Saturday, January 10th. Truist Financial set a $603.00 target price on Curtiss-Wright in a research report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $677.00.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $712.66 on Monday. The company's fifty day moving average price is $701.67 and its 200-day moving average price is $631.01. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of 55.37, a PEG ratio of 3.38 and a beta of 0.86. Curtiss-Wright Corporation has a one year low of $352.03 and a one year high of $748.14.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.66 by $0.13. The company had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm's revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.27 EPS. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post 15.06 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, March 26th. Curtiss-Wright's dividend payout ratio is presently 7.46%.

Insider Transactions at Curtiss-Wright

In related news, COO Kevin Rayment sold 2,634 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the completion of the sale, the chief operating officer owned 29,896 shares in the company, valued at $18,724,761.68. The trade was a 8.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John C. Watts sold 652 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $625.57, for a total value of $407,871.64. Following the completion of the sale, the executive vice president directly owned 3,890 shares of the company's stock, valued at approximately $2,433,467.30. This represents a 14.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 22,717 shares of company stock worth $14,533,791. Company insiders own 0.51% of the company's stock.

Curtiss-Wright Profile

Curtiss-Wright Corporation NYSE: CW is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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