Erste Asset Management GmbH Takes $561,000 Position in Curtiss-Wright Corporation $CW

Erste Asset Management GmbH bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,057 shares of the aerospace company’s stock, valued at approximately $561,000.

Several other hedge funds have also recently modified their holdings of the stock. R Squared Ltd boosted its holdings in Curtiss-Wright by 34.4% in the 3rd quarter. R Squared Ltd now owns 1,360 shares of the aerospace company’s stock worth $738,000 after buying an additional 348 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Curtiss-Wright by 2.9% in the third quarter. Diversify Wealth Management LLC now owns 5,100 shares of the aerospace company’s stock valued at $3,069,000 after acquiring an additional 142 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Curtiss-Wright by 43.0% in the third quarter. DNB Asset Management AS now owns 11,852 shares of the aerospace company’s stock worth $6,435,000 after acquiring an additional 3,562 shares during the last quarter. Choreo LLC boosted its stake in shares of Curtiss-Wright by 5.3% in the third quarter. Choreo LLC now owns 2,038 shares of the aerospace company’s stock worth $1,107,000 after acquiring an additional 103 shares during the last quarter. Finally, Interchange Capital Partners LLC increased its position in shares of Curtiss-Wright by 76.6% during the third quarter. Interchange Capital Partners LLC now owns 943 shares of the aerospace company’s stock worth $512,000 after purchasing an additional 409 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 652 shares of Curtiss-Wright stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $625.57, for a total value of $407,871.64. Following the sale, the executive vice president owned 3,890 shares in the company, valued at $2,433,467.30. The trade was a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 9,327 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the transaction, the chief executive officer directly owned 46,192 shares in the company, valued at approximately $28,936,978.40. This trade represents a 16.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,269 shares of company stock valued at $10,797,098 in the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 0.3%

Shares of CW opened at $700.14 on Monday. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $719.05. The firm has a market capitalization of $25.81 billion, a P/E ratio of 54.40, a P/E/G ratio of 3.41 and a beta of 0.93. The firm has a 50-day moving average price of $637.74 and a 200 day moving average price of $571.42. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. The company had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. Curtiss-Wright’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.27 earnings per share. Sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be issued a $0.24 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 7.46%.

Wall Street Analyst Weigh In

CW has been the topic of a number of research reports. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Finally, Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $663.17.

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.