Zurcher Kantonalbank Zurich Cantonalbank Has $10.62 Million Holdings in Curtiss-Wright Corporation $CW

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Curtiss-Wright Corporation (NYSE:CW) by 101.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,257 shares of the aerospace company’s stock after purchasing an additional 9,717 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Curtiss-Wright worth $10,616,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright in the third quarter valued at about $26,000. Larson Financial Group LLC increased its stake in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 21 shares during the last quarter. First Horizon Corp bought a new position in Curtiss-Wright in the third quarter valued at approximately $34,000. Sunbelt Securities Inc. bought a new position in Curtiss-Wright in the third quarter valued at approximately $43,000. Finally, V Square Quantitative Management LLC bought a new position in Curtiss-Wright in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research note on Friday, January 9th. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Citigroup raised their price objective on Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus raised their price objective on Curtiss-Wright from $650.00 to $723.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $677.00.

Insider Activity

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $678.11, for a total transaction of $149,184.20. Following the sale, the executive vice president directly owned 4,182 shares of the company’s stock, valued at $2,835,856.02. The trade was a 5.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gary A. Ogilby sold 252 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $689.14, for a total transaction of $173,663.28. Following the sale, the vice president directly owned 2,571 shares in the company, valued at $1,771,778.94. The trade was a 8.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 22,717 shares of company stock worth $14,533,791. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $725.32 on Friday. Curtiss-Wright Corporation has a one year low of $325.83 and a one year high of $748.14. The firm has a 50 day simple moving average of $699.46 and a 200 day simple moving average of $624.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The company has a market cap of $26.77 billion, a price-to-earnings ratio of 56.36, a PEG ratio of 3.37 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the firm earned $3.27 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. Research analysts predict that Curtiss-Wright Corporation will post 15.06 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is presently 7.46%.

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.