Curtiss-Wright Corporation $CW Holdings Decreased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 8.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 35,913 shares of the aerospace company’s stock after selling 3,472 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Curtiss-Wright were worth $17,545,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Curtiss-Wright during the second quarter valued at $29,000. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright in the 1st quarter worth about $32,000. West Oak Capital LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $49,000. Allworth Financial LP grew its position in shares of Curtiss-Wright by 155.8% during the 2nd quarter. Allworth Financial LP now owns 110 shares of the aerospace company’s stock valued at $54,000 after buying an additional 67 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of Curtiss-Wright during the 1st quarter valued at about $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

CW has been the topic of a number of recent research reports. Truist Financial raised their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft restated 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 increased their target price on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $562.83.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $537.45 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $549.11 and a 200-day simple moving average of $494.26. The company has a market cap of $19.82 billion, a PE ratio of 45.35, a P/E/G ratio of 3.41 and a beta of 1.12. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.28 by $0.12. The firm had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $2.89 EPS. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares of the company’s stock, valued at $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

About Curtiss-Wright

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.