Curtiss-Wright Corporation $CW Stock Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in Curtiss-Wright Corporation (NYSE:CW) by 79.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,309 shares of the aerospace company’s stock after selling 66,275 shares during the period. Vontobel Holding Ltd.’s holdings in Curtiss-Wright were worth $9,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CW. BlackRock Inc. acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $3,448,649,000. Concurrent Investment Advisors LLC grew its stake in Curtiss-Wright by 220.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,073 shares of the aerospace company’s stock valued at $2,329,000 after buying an additional 2,113 shares during the last quarter. Pacer Advisors Inc. grew its stake in Curtiss-Wright by 114.8% in the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after buying an additional 5,749 shares during the last quarter. Amundi grew its stake in Curtiss-Wright by 47.6% in the 2nd quarter. Amundi now owns 154,668 shares of the aerospace company’s stock valued at $117,201,000 after buying an additional 49,907 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Curtiss-Wright by 2.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 94,740 shares of the aerospace company’s stock valued at $64,529,000 after acquiring an additional 2,065 shares during the period. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Up 0.2%

CW opened at $502.67 on Friday. Curtiss-Wright Corporation has a fifty-two week low of $490.05 and a fifty-two week high of $808.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The company has a market capitalization of $18.56 billion, a P/E ratio of 34.60, a P/E/G ratio of 2.27 and a beta of 0.88. The stock has a fifty day moving average of $579.54 and a 200-day moving average of $679.84.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. During the same quarter in the previous year, the business posted $3.23 earnings per share. Curtiss-Wright’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Curtiss-Wright Corporation will post 15.31 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a $0.26 dividend. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, September 25th. This represents a $1.04 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is presently 7.16%.

Insider Activity

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the transaction, the executive vice president owned 2,736 shares in the company, valued at $1,694,842.56. This represents a 27.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Larry D. Wyche sold 100 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the transaction, the director owned 1,414 shares in the company, valued at approximately $843,790.36. The trade was a 6.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by insiders.

Analysts Set New Price Targets

CW has been the subject of several research reports. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Piper Sandler began coverage on Curtiss-Wright in a report on Wednesday, September 2nd. They set a “neutral” rating and a $665.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research report on Wednesday, August 12th. Morgan Stanley set a $625.00 target price on Curtiss-Wright in a research note on Friday. Finally, Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four 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 an average target price of $717.50.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.