Zurcher Kantonalbank Zurich Cantonalbank Buys 936 Shares of Curtiss-Wright Co. (NYSE:CW)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 12.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,347 shares of the aerospace company’s stock after acquiring an additional 936 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Curtiss-Wright were worth $1,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of Curtiss-Wright by 92.5% during the 4th quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company’s stock worth $1,835,000 after purchasing an additional 3,957 shares in the last quarter. Cadinha & Co. LLC lifted its position in Curtiss-Wright by 1,101.1% in the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock valued at $15,507,000 after acquiring an additional 63,810 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Curtiss-Wright by 71.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company’s stock valued at $1,558,000 after acquiring an additional 2,924 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Curtiss-Wright by 729.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock valued at $3,996,000 after acquiring an additional 17,964 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Curtiss-Wright by 80.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company’s stock valued at $13,589,000 after acquiring an additional 30,972 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CW. Truist Financial reaffirmed a “hold” rating and issued a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Robert W. Baird raised their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $260.25.

Insider Transactions at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,736 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the sale, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Curtiss-Wright news, COO Kevin Rayment sold 1,070 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.50, for a total transaction of $260,545.00. Following the sale, the chief operating officer now owns 28,329 shares in the company, valued at $6,898,111.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the sale, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock worth $3,030,512 in the last quarter. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $252.64 on Thursday. Curtiss-Wright Co. has a 52 week low of $157.72 and a 52 week high of $261.46. The company’s 50 day moving average price is $245.96 and its two-hundred day moving average price is $226.03. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45. The stock has a market cap of $9.67 billion, a P/E ratio of 27.46 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The firm had revenue of $785.79 million for the quarter, compared to analysts’ expectations of $737.09 million. During the same quarter last year, the firm earned $2.92 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.32%. Curtiss-Wright’s payout ratio is currently 8.70%.

About Curtiss-Wright

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.