Pictet Asset Management Holding SA Buys 449 Shares of Curtiss-Wright Co. (NYSE:CW)

Pictet Asset Management Holding SA raised its position in Curtiss-Wright Co. (NYSE:CW) by 9.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,340 shares of the aerospace company’s stock after buying an additional 449 shares during the period. Pictet Asset Management Holding SA’s holdings in Curtiss-Wright were worth $1,895,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership bought a new position in Curtiss-Wright in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $53,000. UMB Bank n.a. boosted its stake in shares of Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $69,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock worth $82,000 after buying an additional 105 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $283.63 on Friday. The stock’s fifty day simple moving average is $327.23 and its 200 day simple moving average is $346.47. 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 company has a market capitalization of $10.68 billion, a PE ratio of 26.88, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 12 month low of $246.43 and a 12 month high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This trade represents a 10.92 % 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 business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $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 purchased 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of analyst reports. Citigroup started coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Company 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.