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

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

Other hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its stake in shares of Curtiss-Wright by 4.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 21,530 shares of the aerospace company’s stock valued at $7,640,000 after purchasing an additional 892 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Curtiss-Wright by 4,036.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 44,593 shares of the aerospace company’s stock valued at $15,693,000 after buying an additional 43,515 shares during the last quarter. Intrust Bank NA purchased a new position in Curtiss-Wright during the fourth quarter worth about $256,000. DnB Asset Management AS acquired a new stake in shares of Curtiss-Wright during the fourth quarter valued at about $293,000. Finally, Level Four Advisory Services LLC raised its stake in shares of Curtiss-Wright by 18.5% in the 4th quarter. Level Four Advisory Services LLC now owns 6,130 shares of the aerospace company’s stock valued at $2,175,000 after acquiring an additional 955 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. This trade represents a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction on 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 owns 1,899 shares of the company’s stock, valued at $617,953.59. This represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Up 1.0 %

NYSE:CW opened at $325.70 on Thursday. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40. The firm has a market cap of $12.27 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $330.84 and a 200 day moving average price of $346.98.

Curtiss-Wright (NYSE:CW) last released its earnings results 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 net margin of 12.98% and a return on equity of 17.11%. Sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.21 per share. 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 0.26%. Curtiss-Wright’s payout ratio is currently 7.96%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Truist Financial lifted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $386.86.

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.