Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,771 shares of the aerospace company's stock after purchasing an additional 1,397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Curtiss-Wright were worth $4,369,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of CW. Whipplewood Advisors LLC increased its stake in shares of Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $35,000. Private Trust Co. NA boosted its position in shares of Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 138 shares during the period. Ancora Advisors LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Curtiss-Wright by 165.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.
Curtiss-Wright Price Performance
Curtiss-Wright stock traded up $3.55 during mid-day trading on Friday, hitting $493.77. 310,028 shares of the company traded hands, compared to its average volume of 254,077. Curtiss-Wright Corporation has a one year low of $258.85 and a one year high of $499.30. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 3.08 and a beta of 1.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. The stock has a fifty day moving average price of $472.92 and a 200-day moving average price of $386.66.
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 (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. Curtiss-Wright's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.99 earnings per share. On average, equities analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.
Curtiss-Wright Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.
Insider Buying and Selling
In other news, VP John C. Watts sold 450 shares of the business's stock in a transaction that occurred on 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 directly owned 4,959 shares in the company, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the sale, the director owned 4,523 shares of the company's stock, 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.
Analysts Set New Price Targets
A number of equities analysts have recently commented on CW shares. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $365.00 to $450.00 and gave the company a "hold" rating in a research report on Monday, July 21st. Robert W. Baird raised their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Truist Financial cut their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Morgan Stanley raised their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $467.14.
View Our Latest Stock Analysis on Curtiss-Wright
About Curtiss-Wright
(
Free Report)
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.
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