Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Curtiss-Wright Co. (NYSE:CW) by 39.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,374 shares of the aerospace company’s stock after purchasing an additional 3,522 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Curtiss-Wright were worth $4,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CW. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter valued at approximately $53,000. UMB Bank n.a. lifted its stake in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $59,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright in the third quarter worth $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on CW. Citigroup assumed coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Truist Financial raised their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Stock Up 2.7 %

Curtiss-Wright stock opened at $322.52 on Friday. Curtiss-Wright Co. has a 12 month low of $239.78 and a 12 month high of $393.40. The stock has a market capitalization of $12.15 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business has a 50 day simple moving average of $339.57 and a 200-day simple moving average of $344.79.

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 analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling at Curtiss-Wright

In other news, COO Kevin Rayment sold 2,664 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total transaction of $924,194.88. Following the completion of the sale, the chief operating officer now owns 24,236 shares of the company’s stock, valued at $8,407,953.12. This represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares of the company’s stock, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 116 shares of company stock valued at $35,278 and sold 15,935 shares valued at $5,528,147. Insiders own 0.67% of the company’s stock.

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.