Curtiss-Wright Co. (NYSE:CW) Holdings Increased by Deutsche Bank AG

Deutsche Bank AG increased its stake in Curtiss-Wright Co. (NYSE:CW) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,762 shares of the aerospace company’s stock after acquiring an additional 2,181 shares during the period. Deutsche Bank AG owned approximately 0.30% of Curtiss-Wright worth $40,016,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock valued at $1,289,608,000 after purchasing an additional 15,890 shares during the period. Invesco Ltd. raised its position in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock worth $503,009,000 after acquiring an additional 84,635 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock valued at $271,977,000 after acquiring an additional 107,115 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Curtiss-Wright by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after purchasing an additional 12,086 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Curtiss-Wright by 1.2% during the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock worth $210,199,000 after buying an additional 6,971 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 2.0%

CW stock opened at $395.27 on Wednesday. The company has a 50 day moving average of $329.39 and a two-hundred day moving average of $345.89. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $399.25. The company has a market cap of $14.89 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same period last year, the company earned $1.99 earnings per share. Curtiss-Wright’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Insider Activity

In other Curtiss-Wright news, CFO K Christopher Farkas sold 922 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.47, for a total transaction of $300,083.34. Following the transaction, the chief financial officer now directly owns 14,033 shares of the company’s stock, valued at $4,567,320.51. This represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,642 shares of company stock worth $3,581,107 in the last three months. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Truist Financial cut their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Citigroup lowered their price target on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $377.43.

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.