Zurcher Kantonalbank Zurich Cantonalbank Has $10.62 Million Position in Curtiss-Wright Corporation $CW

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 101.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,257 shares of the aerospace company’s stock after buying an additional 9,717 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Curtiss-Wright were worth $10,616,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CW. Massachusetts Financial Services Co. MA raised its holdings in Curtiss-Wright by 31.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock worth $395,665,000 after purchasing an additional 174,592 shares during the last quarter. AQR Capital Management LLC raised its holdings in Curtiss-Wright by 45.8% during the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock worth $189,468,000 after purchasing an additional 122,048 shares during the last quarter. Freestone Grove Partners LP bought a new position in Curtiss-Wright during the 3rd quarter worth approximately $62,320,000. Vaughan Nelson Investment Management L.P. bought a new position in Curtiss-Wright during the 4th quarter worth approximately $51,089,000. Finally, Qube Research & Technologies Ltd raised its holdings in Curtiss-Wright by 94.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 156,515 shares of the aerospace company’s stock worth $84,978,000 after purchasing an additional 76,220 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Activity

In other news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $678.11, for a total transaction of $149,184.20. Following the completion of the sale, the executive vice president owned 4,182 shares in the company, valued at $2,835,856.02. The trade was a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Kevin Rayment sold 907 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the sale, the chief operating officer owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. This represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 22,717 shares of company stock valued at $14,533,791. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $725.32 on Friday. The firm’s 50-day moving average price is $699.46 and its 200-day moving average price is $624.30. Curtiss-Wright Corporation has a 1-year low of $325.83 and a 1-year high of $748.14. The firm has a market capitalization of $26.77 billion, a P/E ratio of 56.36, a P/E/G ratio of 3.37 and a beta of 0.91. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the prior year, the business earned $3.27 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that Curtiss-Wright Corporation will post 15.06 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 26th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is currently 7.46%.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Truist Financial set a $603.00 price target on Curtiss-Wright in a report on Friday, January 9th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Stifel Nicolaus increased their price target on Curtiss-Wright from $650.00 to $723.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Finally, Citigroup increased their price target on Curtiss-Wright from $718.00 to $728.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $677.00.

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.