Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Curtiss-Wright Corporation $CW

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 35,913 shares of the aerospace company’s stock after selling 3,472 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Curtiss-Wright worth $17,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Curtiss-Wright by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock worth $746,000 after acquiring an additional 22 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Curtiss-Wright by 0.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock worth $5,840,000 after purchasing an additional 30 shares during the period. Huntington National Bank increased its holdings in Curtiss-Wright by 20.3% in the 2nd quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock valued at $93,000 after purchasing an additional 32 shares in the last quarter. ANB Bank raised its position in Curtiss-Wright by 5.1% in the second quarter. ANB Bank now owns 698 shares of the aerospace company’s stock valued at $341,000 after purchasing an additional 34 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Curtiss-Wright by 0.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company’s stock worth $2,188,000 after purchasing an additional 37 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $537.45 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. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $612.28. The business has a 50 day moving average price of $549.11 and a two-hundred day moving average price of $494.26. The firm has a market cap of $19.82 billion, a PE ratio of 45.35, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. During the same period in the prior year, the company posted $2.89 EPS. Curtiss-Wright’s quarterly revenue was up 8.8% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s dividend payout ratio is 7.82%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares of the company’s stock, valued at $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating and two 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 $562.83.

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.