Swiss National Bank Has $35.18 Million Position in Curtiss-Wright Corporation $CW

Swiss National Bank reduced its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,000 shares of the aerospace company’s stock after selling 1,500 shares during the period. Swiss National Bank’s holdings in Curtiss-Wright were worth $35,176,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH bought a new stake in Curtiss-Wright during the first quarter worth about $1,926,000. Spire Wealth Management lifted its stake in shares of Curtiss-Wright by 21.5% during the second quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock valued at $268,000 after acquiring an additional 97 shares during the period. Massachusetts Wealth Management acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $266,000. PNC Financial Services Group Inc. raised its position in shares of Curtiss-Wright by 47.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,641 shares of the aerospace company’s stock valued at $2,742,000 after acquiring an additional 2,766 shares during the last quarter. Finally, Creative Planning lifted its stake in Curtiss-Wright by 30.4% in the second quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock valued at $2,722,000 after buying an additional 1,300 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Trading Up 2.0%

CW opened at $546.76 on Tuesday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $612.28. The company has a 50-day simple moving average of $551.73 and a 200 day simple moving average of $499.20. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $20.16 billion, a price-to-earnings ratio of 46.14, a P/E/G ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. During the same period in the previous year, the company earned $2.89 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Truist Financial upped their price objective on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Finally, Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $562.83.

Curtiss-Wright Company 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.