Van ECK Associates Corp Increases Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Van ECK Associates Corp raised its stake in Curtiss-Wright Co. (NYSE:CW) by 31.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 333,088 shares of the aerospace company’s stock after purchasing an additional 79,362 shares during the quarter. Van ECK Associates Corp owned 0.88% of Curtiss-Wright worth $118,203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its holdings in Curtiss-Wright by 7.8% during the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 29 shares during the last quarter. Tidal Investments LLC raised its holdings in Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 29 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Curtiss-Wright by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after purchasing an additional 37 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in Curtiss-Wright by 3.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 37 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in Curtiss-Wright by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 37 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $337.58 on Friday. The firm has a market capitalization of $12.81 billion, a P/E ratio of 31.94, a PEG ratio of 2.50 and a beta of 1.19. The stock has a fifty day moving average price of $357.59 and a 200 day moving average price of $341.00. Curtiss-Wright Co. has a 52 week low of $226.67 and a 52 week high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last posted 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 return on equity of 17.21% and a net margin of 13.20%. Equities research analysts anticipate that Curtiss-Wright Co. will post 10.72 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CW. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Curtiss-Wright presently 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.