Vontobel Holding Ltd. Sells 369 Shares of Curtiss-Wright Co. (NYSE:CW)

Vontobel Holding Ltd. reduced its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 39.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 569 shares of the aerospace company’s stock after selling 369 shares during the quarter. Vontobel Holding Ltd.’s holdings in Curtiss-Wright were worth $202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership acquired a new stake in Curtiss-Wright during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $53,000. Brooklyn Investment Group acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $59,000. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $69,000. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the sale, the chief executive officer now owns 38,905 shares in the company, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $316.15 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a 52 week low of $234.37 and a 52 week high of $393.40. The stock has a market capitalization of $11.91 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19. The stock has a fifty day moving average of $352.38 and a 200-day moving average of $342.82.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup started coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Morgan Stanley lifted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Finally, Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $386.86.

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.