Swiss National Bank Buys 33,940 Shares of Curtiss-Wright Corporation $CW

Swiss National Bank grew its stake in Curtiss-Wright Corporation (NYSE:CW) by 45.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,200 shares of the aerospace company’s stock after buying an additional 33,940 shares during the quarter. Swiss National Bank’s holdings in Curtiss-Wright were worth $73,697,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter valued at about $31,000. Larson Financial Group LLC increased its holdings in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Curtiss-Wright during the 4th quarter worth approximately $42,000. Finally, Elyxium Wealth LLC purchased a new position in Curtiss-Wright during the fourth quarter valued at approximately $43,000. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the transaction, the executive vice president directly owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This trade represents a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 3,119 shares of company stock worth $2,257,998. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday. Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Citigroup increased their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $773.67.

Curtiss-Wright Trading Up 1.9%

CW stock opened at $722.46 on Wednesday. Curtiss-Wright Corporation has a 1-year low of $463.00 and a 1-year high of $808.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The company has a market capitalization of $26.69 billion, a price-to-earnings ratio of 52.93, a PEG ratio of 3.25 and a beta of 0.86. The business has a 50 day simple moving average of $745.56 and a two-hundred day simple moving average of $703.57.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter last year, the business posted $2.82 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts anticipate that Curtiss-Wright Corporation will post 15.23 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.62%.

Curtiss-Wright Company 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.