Swiss National Bank Acquires 500 Shares of Curtiss-Wright Co. (NYSE:CW)

Swiss National Bank boosted its holdings in Curtiss-Wright Co. (NYSE:CW) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,300 shares of the aerospace company’s stock after purchasing an additional 500 shares during the quarter. Swiss National Bank owned about 0.20% of Curtiss-Wright worth $26,722,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its holdings in shares of Curtiss-Wright by 40.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,882 shares of the aerospace company’s stock valued at $668,000 after acquiring an additional 541 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $520,000. Farther Finance Advisors LLC increased its holdings in shares of Curtiss-Wright by 129.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,739 shares of the aerospace company’s stock valued at $617,000 after acquiring an additional 982 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Curtiss-Wright by 4.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,495 shares of the aerospace company’s stock valued at $3,015,000 after acquiring an additional 329 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $15,769,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Up 1.9 %

CW stock opened at $328.82 on Tuesday. The stock’s fifty day simple moving average is $339.13 and its two-hundred day simple moving average is $345.33. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 1-year low of $241.44 and a 1-year high of $393.40. The stock has a market cap of $12.38 billion, a P/E ratio of 31.17, a P/E/G ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 116 shares of company stock worth $35,278 and have sold 15,935 shares worth $5,528,147. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CW shares. Truist Financial lifted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Finally, Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $386.86.

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.