Vontobel Holding Ltd. Sells 66,275 Shares of Curtiss-Wright Corporation $CW

Vontobel Holding Ltd. reduced its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 79.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,309 shares of the aerospace company’s stock after selling 66,275 shares during the period. Vontobel Holding Ltd.’s holdings in Curtiss-Wright were worth $9,413,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Curtiss-Wright in the 2nd quarter valued at $3,448,649,000. Concurrent Investment Advisors LLC lifted its position in Curtiss-Wright by 220.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,073 shares of the aerospace company’s stock worth $2,329,000 after buying an additional 2,113 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Curtiss-Wright by 114.8% during the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock worth $5,931,000 after buying an additional 5,749 shares during the last quarter. Amundi boosted its stake in shares of Curtiss-Wright by 47.6% during the 2nd quarter. Amundi now owns 154,668 shares of the aerospace company’s stock worth $117,201,000 after buying an additional 49,907 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Curtiss-Wright by 2.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 94,740 shares of the aerospace company’s stock worth $64,529,000 after buying an additional 2,065 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Performance

NYSE CW opened at $502.67 on Friday. The firm has a market capitalization of $18.56 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 2.27 and a beta of 0.88. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $579.54 and its two-hundred day moving average price is $679.84. Curtiss-Wright Corporation has a 1 year low of $490.05 and a 1 year high of $808.16.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. The company had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.23 EPS. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 15.31 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were paid a $0.26 dividend. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, September 25th. This represents a $1.04 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.16%.

Insider Activity

In related news, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the transaction, the director owned 1,414 shares in the company, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Watts sold 1,035 shares of Curtiss-Wright stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the transaction, the executive vice president owned 2,736 shares of the company’s stock, valued at $1,694,842.56. The trade was a 27.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Citigroup reduced their price target on Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Guggenheim began coverage on Curtiss-Wright in a research note on Monday, September 14th. They issued a “buy” rating and a $786.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $717.50.

Curtiss-Wright Profile

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.