Zurcher Kantonalbank Zurich Cantonalbank Purchases 936 Shares of Curtiss-Wright Co. (NYSE:CW)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Curtiss-Wright Co. (NYSE:CW) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,347 shares of the aerospace company’s stock after acquiring an additional 936 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Curtiss-Wright were worth $1,860,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in shares of Curtiss-Wright by 92.5% in the 4th quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company’s stock worth $1,835,000 after acquiring an additional 3,957 shares during the period. Cadinha & Co. LLC lifted its position in shares of Curtiss-Wright by 1,101.1% during the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock worth $15,507,000 after buying an additional 63,810 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Curtiss-Wright by 71.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company’s stock worth $1,558,000 after buying an additional 2,924 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Curtiss-Wright by 729.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock worth $3,996,000 after buying an additional 17,964 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Curtiss-Wright by 80.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company’s stock worth $13,589,000 after buying an additional 30,972 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.3 %

CW stock opened at $252.64 on Thursday. The business has a fifty day moving average price of $245.96 and a 200 day moving average price of $226.03. Curtiss-Wright Co. has a fifty-two week low of $157.72 and a fifty-two week high of $261.46. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 27.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.24. The firm had revenue of $785.79 million during the quarter, compared to analysts’ expectations of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $2.92 EPS. Analysts expect that Curtiss-Wright Co. will post 10.16 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.32%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.70%.

Insider Activity

In other news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the sale, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the sale, the vice president now directly owns 15,942 shares of the company’s stock, valued at $3,985,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,451 shares of company stock valued at $3,030,512. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CW shares. Truist Financial restated a “hold” rating and set a $240.00 target price (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. Robert W. Baird raised their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus raised their price target on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $260.25.

Curtiss-Wright Profile

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.