Swiss National Bank Has $39.69 Million Stock Holdings in Curtiss-Wright Corporation $CW

Swiss National Bank boosted its stake in Curtiss-Wright Corporation (NYSE:CW) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,100 shares of the aerospace company’s stock after acquiring an additional 1,100 shares during the quarter. Swiss National Bank’s holdings in Curtiss-Wright were worth $39,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CW. Clearstead Advisors LLC lifted its position in Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after buying an additional 17 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in Curtiss-Wright by 1.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock valued at $554,000 after purchasing an additional 18 shares during the last quarter. Huntington National Bank boosted its stake in shares of Curtiss-Wright by 9.5% during the 3rd quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 18 shares during the period. Journey Strategic Wealth LLC lifted its holdings in Curtiss-Wright by 7.0% during the 3rd quarter. Journey Strategic Wealth LLC now owns 444 shares of the aerospace company’s stock valued at $241,000 after purchasing an additional 29 shares during the last quarter. Finally, Cadinha & Co. LLC boosted its holdings in shares of Curtiss-Wright by 1.3% during the 3rd quarter. Cadinha & Co. LLC now owns 2,368 shares of the aerospace company’s stock worth $1,286,000 after buying an additional 30 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 4.9%

Shares of CW stock traded down $33.09 during mid-day trading on Friday, hitting $647.20. The company’s stock had a trading volume of 64,668 shares, compared to its average volume of 288,271. The company’s fifty day simple moving average is $662.19 and its 200-day simple moving average is $583.52. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $730.12. The company has a market cap of $23.86 billion, a PE ratio of 50.78, a P/E/G ratio of 3.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping 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 company had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. During the same quarter last year, the firm posted $3.27 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Analysts Set New Price Targets

CW has been the subject of a number of research reports. Morgan Stanley reissued an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Stifel Nicolaus upped their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $663.17.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 9,327 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the transaction, the chief executive officer owned 46,192 shares in the company, valued at approximately $28,936,978.40. The trade was a 16.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gary A. Ogilby sold 625 shares of Curtiss-Wright stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total transaction of $390,200.00. Following the transaction, the vice president directly owned 2,571 shares in the company, valued at $1,605,126.72. This represents a 19.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,269 shares of company stock worth $10,797,098 over the last ninety days. Insiders own 0.55% of the company’s stock.

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.