UBS Group AG Acquires 23,907 Shares of Curtiss-Wright Corporation $CW

UBS Group AG raised its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 20.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 143,434 shares of the aerospace company’s stock after acquiring an additional 23,907 shares during the period. UBS Group AG’s holdings in Curtiss-Wright were worth $79,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CW. Atlantic Union Bankshares Corp purchased a new stake in Curtiss-Wright during the 3rd quarter valued at about $26,000. Larson Financial Group LLC increased its stake in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. First Horizon Corp purchased a new position in Curtiss-Wright in the 3rd quarter worth approximately $34,000. Sunbelt Securities Inc. bought a new stake in Curtiss-Wright in the third quarter valued at approximately $43,000. Finally, V Square Quantitative Management LLC bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $45,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Price Performance

CW opened at $712.66 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The stock has a market capitalization of $26.30 billion, a PE ratio of 55.37, a price-to-earnings-growth ratio of 3.38 and a beta of 0.86. The stock’s 50 day moving average price is $701.67 and its 200-day moving average price is $631.01. Curtiss-Wright Corporation has a 52-week low of $352.03 and a 52-week high of $748.14.

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

Curtiss-Wright Announces Dividend

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

Insider Activity

In other Curtiss-Wright news, VP George P. Mcdonald sold 151 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total transaction of $102,388.57. Following the sale, the vice president directly owned 4,210 shares of the company’s stock, valued at approximately $2,854,674.70. The trade was a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert F. Freda sold 140 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $678.61, for a total value of $95,005.40. Following the transaction, the vice president owned 5,343 shares in the company, valued at $3,625,813.23. This trade represents a 2.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 22,717 shares of company stock worth $14,533,791. 0.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CW shares. Morgan Stanley restated an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $650.00 to $723.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Finally, Citigroup upped their price objective on shares of Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $677.00.

About Curtiss-Wright

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.