Zurcher Kantonalbank Zurich Cantonalbank Buys 853 Shares of Curtiss-Wright Co. (NYSE:CW)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Curtiss-Wright Co. (NYSE:CW) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,852 shares of the aerospace company’s stock after acquiring an additional 853 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Curtiss-Wright were worth $2,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its position in shares of Curtiss-Wright by 1.7% during the first quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after purchasing an additional 45 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Curtiss-Wright by 2.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after buying an additional 53 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Curtiss-Wright by 27.5% during the 4th quarter. Quadrant Capital Group LLC now owns 334 shares of the aerospace company’s stock valued at $74,000 after buying an additional 72 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Curtiss-Wright by 2.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $1,056,000 after buying an additional 85 shares during the period. Finally, Tectonic Advisors LLC increased its stake in shares of Curtiss-Wright by 6.3% in the 1st quarter. Tectonic Advisors LLC now owns 1,570 shares of the aerospace company’s stock worth $402,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CW. Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Morgan Stanley upped their price target on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Stifel Nicolaus raised their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Truist Financial boosted their target price on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.50.

Insider Transactions at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares in the company, valued at $418,469.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the sale, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the sale, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The disclosure for this sale can be found here. Insiders have bought a total of 120 shares of company stock worth $27,914 in the last ninety days. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $315.86 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 32.53 and a beta of 1.18. The business has a 50-day simple moving average of $286.30 and a two-hundred day simple moving average of $268.02. Curtiss-Wright Co. has a fifty-two week low of $190.64 and a fifty-two week high of $318.20.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same quarter in the prior year, the firm earned $2.15 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts expect that Curtiss-Wright Co. will post 10.25 earnings per share for the current year.

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.