Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Curtiss-Wright Co. (NYSE:CW)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Curtiss-Wright Co. (NYSE:CW) by 10.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,852 shares of the aerospace company’s stock after purchasing an additional 853 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Curtiss-Wright were worth $2,399,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in shares of Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after buying an additional 101 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in Curtiss-Wright during the second quarter worth $30,000. EverSource Wealth Advisors LLC raised its position in Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 116 shares during the period. Creekmur Asset Management LLC purchased a new position in Curtiss-Wright during the fourth quarter valued at $32,000. Finally, Sachetta LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

CW has been the topic of a number of research reports. Truist Financial raised their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Stifel Nicolaus raised their target price on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 25th. Morgan Stanley increased their price objective on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, Robert W. Baird lifted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $307.50.

Insider Activity

In related news, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at $5,609,176.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Kevin Rayment sold 8,415 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the sale, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. Insiders bought a total of 120 shares of company stock valued at $27,914 in the last 90 days. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $315.86 on Friday. The business’s 50 day moving average price is $286.30 and its 200 day moving average price is $268.02. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 32.53 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.02. Curtiss-Wright Co. has a one year low of $190.64 and a one year high of $318.20.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the previous year, the firm earned $2.15 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, research analysts predict that Curtiss-Wright Co. will post 10.25 EPS for the current year.

Curtiss-Wright 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.