Curtiss-Wright Corporation $CW Stock Position Increased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in Curtiss-Wright Corporation (NYSE:CW) by 240.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,048 shares of the aerospace company’s stock after acquiring an additional 37,451 shares during the period. Pictet Asset Management Holding SA owned about 0.14% of Curtiss-Wright worth $28,678,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CW. Verus Capital Partners LLC grew its position in Curtiss-Wright by 2.1% during the third quarter. Verus Capital Partners LLC now owns 995 shares of the aerospace company’s stock valued at $541,000 after buying an additional 20 shares during the period. Parallel Advisors LLC raised its position in shares of Curtiss-Wright by 13.3% in the third quarter. Parallel Advisors LLC now owns 358 shares of the aerospace company’s stock worth $195,000 after acquiring an additional 42 shares during the period. Ashton Thomas Private Wealth LLC raised its position in shares of Curtiss-Wright by 12.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 974 shares of the aerospace company’s stock worth $530,000 after acquiring an additional 110 shares during the period. Heritage Family Offices LLP purchased a new stake in shares of Curtiss-Wright during the 3rd quarter worth about $55,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of Curtiss-Wright by 19.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,950 shares of the aerospace company’s stock worth $1,604,000 after acquiring an additional 482 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Curtiss-Wright Price Performance

NYSE:CW opened at $479.79 on Thursday. Curtiss-Wright Corporation has a one year low of $432.70 and a one year high of $808.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 1.42. The stock has a market cap of $17.40 billion, a PE ratio of 32.01, a P/E/G ratio of 1.98 and a beta of 0.94. The stock has a 50 day moving average price of $519.02 and a 200 day moving average price of $660.86.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, November 4th. The aerospace company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.18. Curtiss-Wright had a net margin of 14.86% and a return on equity of 21.08%. The firm had revenue of $953.00 million for the quarter, compared to analysts’ expectations of $935.09 million. During the same quarter in the previous year, the company posted $3.31 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Curtiss-Wright Corporation will post 15.51 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.2%. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, September 25th. Curtiss-Wright’s payout ratio is 6.94%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CW shares. Stifel Nicolaus cut their price objective on Curtiss-Wright from $518.00 to $472.00 and set a “hold” rating for the company in a research report on Monday. Citigroup decreased their target price on Curtiss-Wright from $622.00 to $505.00 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley decreased their target price on Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Guggenheim cut their price target on shares of Curtiss-Wright from $786.00 to $674.00 and set a “buy” rating for the company in a report on Friday, November 6th. Finally, Wall Street Zen lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $636.75.

Curtiss-Wright Profile

Curtiss-Wright Corporation is a diversified industrial company that develops and manufactures engineered products and provides services for the aerospace, defense, power-generation and general industrial markets. Its offerings include actuation and control systems, sensors, valves and pumps, and embedded computing and electronics. The company serves customers around the world, including aircraft manufacturers and operators, defense contractors, government agencies, and commercial nuclear power providers.