Deutsche Bank AG Has $40.02 Million Position in Curtiss-Wright Co. (NYSE:CW)

Deutsche Bank AG increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 2.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 112,762 shares of the aerospace company’s stock after acquiring an additional 2,181 shares during the quarter. Deutsche Bank AG’s holdings in Curtiss-Wright were worth $40,016,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CW. Envestnet Portfolio Solutions Inc. boosted its position in shares of Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock valued at $1,178,000 after acquiring an additional 29 shares during the period. Harbour Investments Inc. increased its holdings in shares of Curtiss-Wright by 10.6% during the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 30 shares during the period. Cornerstone Investment Partners LLC raised its position in shares of Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock valued at $326,000 after buying an additional 32 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Curtiss-Wright by 1.6% in the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company’s stock valued at $753,000 after buying an additional 34 shares during the period. Finally, Aaron Wealth Advisors LLC raised its holdings in Curtiss-Wright by 5.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock valued at $275,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, COO Kevin Rayment sold 1,003 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.73, for a total transaction of $326,707.19. Following the completion of the sale, the chief operating officer now directly owns 25,863 shares of the company’s stock, valued at approximately $8,424,354.99. The trade was a 3.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock worth $3,581,107 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of several recent research reports. Truist Financial decreased their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus lowered their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Citigroup decreased their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $377.43.

Curtiss-Wright Trading Up 2.0%

Shares of Curtiss-Wright stock opened at $395.27 on Wednesday. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $399.25. The stock has a market capitalization of $14.89 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. The company has a 50-day simple moving average of $329.39 and a 200 day simple moving average of $345.89. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. The company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.99 earnings per share. Research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

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.