Leonteq Securities AG Buys New Stake in Curtiss-Wright Corporation $CW

Leonteq Securities AG bought a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,210 shares of the aerospace company’s stock, valued at approximately $667,000.

Several other large investors have also recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in shares of Curtiss-Wright by 2.3% in the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 16 shares during the period. Intrust Bank NA lifted its stake in shares of Curtiss-Wright by 26.6% in the 4th quarter. Intrust Bank NA now owns 984 shares of the aerospace company’s stock valued at $542,000 after purchasing an additional 207 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Curtiss-Wright by 1.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the aerospace company’s stock valued at $4,444,000 after purchasing an additional 148 shares during the period. Larson Financial Group LLC lifted its stake in shares of Curtiss-Wright by 83.3% in the 4th quarter. Larson Financial Group LLC now owns 110 shares of the aerospace company’s stock valued at $61,000 after purchasing an additional 50 shares during the period. Finally, Csenge Advisory Group raised its position in Curtiss-Wright by 322.5% during the fourth quarter. Csenge Advisory Group now owns 2,632 shares of the aerospace company’s stock worth $1,451,000 after acquiring an additional 2,009 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Curtiss-Wright

In related news, COO Kevin Rayment sold 907 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the sale, the chief operating officer directly owned 31,493 shares in the company, valued at approximately $21,332,728.34. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gary A. Ogilby sold 252 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $689.14, for a total transaction of $173,663.28. Following the sale, the vice president owned 2,571 shares of the company’s stock, valued at approximately $1,771,778.94. The trade was a 8.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,961 shares of company stock valued at $4,039,279 in the last three months. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CW. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Citigroup upped their price objective on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research report on Monday. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $746.67.

Curtiss-Wright Stock Performance

NYSE:CW opened at $730.37 on Friday. The company has a fifty day moving average of $709.33 and a two-hundred day moving average of $646.26. The stock has a market capitalization of $26.98 billion, a PE ratio of 53.51, a P/E/G ratio of 3.37 and a beta of 0.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a fifty-two week low of $413.35 and a fifty-two week high of $760.72.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. The business had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.82 earnings per share. As a group, research analysts forecast that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s payout ratio is 7.62%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.