Erste Asset Management GmbH Purchases 4,000 Shares of Curtiss-Wright Corporation $CW

Erste Asset Management GmbH lifted its position in Curtiss-Wright Corporation (NYSE:CW) by 378.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,057 shares of the aerospace company’s stock after acquiring an additional 4,000 shares during the quarter. Erste Asset Management GmbH’s holdings in Curtiss-Wright were worth $2,843,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CW. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth $31,000. Larson Financial Group LLC grew its stake in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth $43,000. Sunbelt Securities Inc. bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth $43,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth $45,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW opened at $733.05 on Wednesday. The firm has a market cap of $27.08 billion, a P/E ratio of 53.70, a PEG ratio of 3.34 and a beta of 0.85. The firm has a 50-day moving average of $722.40 and a 200 day moving average of $660.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a fifty-two week low of $443.00 and a fifty-two week high of $760.72.

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

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CW. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Citigroup increased their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $746.67.

Insider Activity

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,225 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the completion of the transaction, the chief executive officer owned 50,634 shares in the company, valued at $34,264,027.80. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO K Christopher Farkas sold 918 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total transaction of $621,908.28. Following the transaction, the chief financial officer 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 6,181 shares of company stock valued at $4,204,919. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright 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.