Swiss National Bank Sells 8,800 Shares of Curtiss-Wright Co. (NYSE:CW)

Swiss National Bank trimmed its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,500 shares of the aerospace company’s stock after selling 8,800 shares during the period. Swiss National Bank owned approximately 0.20% of Curtiss-Wright worth $16,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CW. Contravisory Investment Management Inc. bought a new position in shares of Curtiss-Wright during the 4th quarter valued at $25,000. First Horizon Advisors Inc. grew its stake in shares of Curtiss-Wright by 1,100.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 132 shares during the period. Montag A & Associates Inc. increased its position in shares of Curtiss-Wright by 67.0% during the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 61 shares during the last quarter. Venturi Wealth Management LLC grew its position in Curtiss-Wright by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after buying an additional 52 shares during the period. Finally, Orion Capital Management LLC bought a new position in Curtiss-Wright in the third quarter worth approximately $49,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $277.08 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 28.54 and a beta of 1.18. The firm has a fifty day moving average price of $252.09 and a 200 day moving average price of $230.46. Curtiss-Wright Co. has a fifty-two week low of $157.85 and a fifty-two week high of $279.79.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. During the same quarter in the prior year, the firm earned $1.53 EPS. The business’s revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 10.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CW. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 5th. Robert W. Baird boosted their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Truist Financial increased their price target on Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $277.00.

Insider Activity at Curtiss-Wright

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the sale, the vice president now directly owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the sale, the vice president now directly owns 17,383 shares in the company, valued at approximately $4,171,920. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lynn M. Bamford sold 2,620 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the transaction, the chief executive officer now owns 35,773 shares of the company’s stock, valued at approximately $8,714,302.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,451 shares of company stock valued at $3,030,512. Insiders own 0.55% of the company’s stock.

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.