39,463 Shares in Curtiss-Wright Co. (NYSE:CW) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 39,463 shares of the aerospace company's stock, valued at approximately $14,004,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Curtiss-Wright at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. boosted its position in shares of Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock valued at $1,178,000 after acquiring an additional 29 shares during the period. Harbour Investments Inc. lifted its position in Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock worth $111,000 after purchasing an additional 30 shares during the period. Cornerstone Investment Partners LLC lifted its position in Curtiss-Wright by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock worth $326,000 after purchasing an additional 32 shares during the period. Ascent Group LLC lifted its position in Curtiss-Wright by 4.9% in the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock worth $253,000 after purchasing an additional 33 shares during the period. Finally, Baird Financial Group Inc. lifted its position in Curtiss-Wright by 1.6% in the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after purchasing an additional 34 shares during the period. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Price Performance

Shares of NYSE CW traded up $1.09 during midday trading on Tuesday, reaching $444.31. 53,623 shares of the company traded hands, compared to its average volume of 275,834. The firm has a market cap of $16.73 billion, a PE ratio of 42.11, a PEG ratio of 2.48 and a beta of 1.04. The stock's 50-day simple moving average is $358.20 and its 200-day simple moving average is $351.68. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $453.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

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

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. The ex-dividend date is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.22%. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, insider Paul J. Ferdenzi sold 658 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the sale, the insider now directly owns 19,239 shares in the company, valued at approximately $6,265,757.52. This trade represents a 3.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO K Christopher Farkas sold 4,780 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the sale, the chief financial officer now owns 9,253 shares of the company's stock, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,092 shares of company stock worth $3,783,319. 0.55% of the stock is owned by corporate insiders.

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.