Vontobel Holding Ltd. Decreases Stake in Curtiss-Wright Corporation $CW

Vontobel Holding Ltd. reduced its position in Curtiss-Wright Corporation (NYSE:CW) by 21.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 894 shares of the aerospace company’s stock after selling 246 shares during the period. Vontobel Holding Ltd.’s holdings in Curtiss-Wright were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its position in Curtiss-Wright by 0.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company’s stock valued at $2,188,000 after buying an additional 37 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of Curtiss-Wright by 1.0% during the first quarter. Alliance Wealth Advisors LLC UT now owns 4,505 shares of the aerospace company’s stock worth $1,429,000 after purchasing an additional 43 shares during the last quarter. Signaturefd LLC lifted its position in shares of Curtiss-Wright by 10.3% during the first quarter. Signaturefd LLC now owns 473 shares of the aerospace company’s stock worth $150,000 after purchasing an additional 44 shares during the last quarter. WCM Investment Management LLC lifted its position in shares of Curtiss-Wright by 0.8% during the first quarter. WCM Investment Management LLC now owns 5,561 shares of the aerospace company’s stock worth $1,762,000 after purchasing an additional 45 shares during the last quarter. Finally, Greenleaf Trust lifted its position in shares of Curtiss-Wright by 6.8% during the first quarter. Greenleaf Trust now owns 736 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 47 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CW. Morgan Stanley increased their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Citigroup increased their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Truist Financial reduced their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research report on Friday, July 11th. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $492.86.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $555.03 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $506.86 and its two-hundred day moving average price is $448.73. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $564.84. The stock has a market capitalization of $20.91 billion, a P/E ratio of 46.84, a P/E/G ratio of 3.13 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. During the same quarter last year, the business earned $2.67 earnings per share. Curtiss-Wright’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.24 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.10%.

Curtiss-Wright 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.