Edmond DE Rothschild Holding S.A. Invests $159,000 in Curtiss-Wright Co. (NYSE:CW)

Edmond DE Rothschild Holding S.A. purchased a new stake in Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 448 shares of the aerospace company’s stock, valued at approximately $159,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CW. Atomi Financial Group Inc. acquired a new position in Curtiss-Wright in the fourth quarter valued at $239,000. Truist Financial Corp increased its position in Curtiss-Wright by 6.2% in the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock valued at $5,050,000 after acquiring an additional 825 shares during the period. Athena Investment Management acquired a new position in Curtiss-Wright in the 4th quarter valued at about $302,000. Daiwa Securities Group Inc. lifted its position in Curtiss-Wright by 1,694.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company’s stock worth $4,210,000 after acquiring an additional 11,202 shares during the period. Finally, MML Investors Services LLC lifted its position in Curtiss-Wright by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after acquiring an additional 1,754 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 1.0 %

NYSE:CW opened at $325.70 on Thursday. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The stock has a fifty day moving average price of $330.84 and a two-hundred day moving average price of $346.98. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 2.48 and a beta of 1.15.

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

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.96%.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Truist Financial boosted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Citigroup assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

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.