Leonteq Securities AG Makes New Investment in Curtiss-Wright Corporation $CW

Leonteq Securities AG bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,210 shares of the aerospace company’s stock, valued at approximately $667,000.

Several other large investors also recently bought and sold shares of CW. Atlantic Union Bankshares Corp purchased a new stake in Curtiss-Wright during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC grew its position in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $43,000. Sunbelt Securities Inc. purchased a new stake in Curtiss-Wright during the 3rd quarter worth approximately $43,000. Finally, V Square Quantitative Management LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.5%

CW stock opened at $730.37 on Friday. The firm’s fifty day simple moving average is $709.33 and its 200-day simple moving average is $646.26. The company has a market capitalization of $26.98 billion, a P/E ratio of 53.51, a price-to-earnings-growth ratio of 3.37 and a beta of 0.86. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. Curtiss-Wright Corporation has a 12 month low of $413.35 and a 12 month high of $760.72.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. The business had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 EPS. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio is 7.62%.

Insiders Place Their Bets

In other news, CFO K Christopher Farkas sold 918 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total value of $621,908.28. Following the sale, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at $3,738,224.28. This represents a 14.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kevin Rayment sold 907 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 5,961 shares of company stock worth $4,039,279. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Morgan Stanley reissued an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Citigroup upped their price objective on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $746.67.

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.