Curtiss-Wright Co. (NYSE:CW) Shares Bought by Inspire Investing LLC

Inspire Investing LLC raised its holdings in Curtiss-Wright Co. (NYSE:CW) by 28.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,084 shares of the aerospace company’s stock after acquiring an additional 2,207 shares during the quarter. Inspire Investing LLC’s holdings in Curtiss-Wright were worth $3,579,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after acquiring an additional 27,607 shares during the period. Congress Asset Management Co. increased its position in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after purchasing an additional 265,205 shares in the last quarter. International Assets Investment Management LLC increased its position in Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after purchasing an additional 403,701 shares in the last quarter. Franklin Resources Inc. increased its position in Curtiss-Wright by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after purchasing an additional 22,543 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Curtiss-Wright by 29.0% during the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock worth $88,847,000 after purchasing an additional 56,966 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.1 %

Shares of NYSE CW opened at $382.37 on Thursday. Curtiss-Wright Co. has a 12 month low of $220.90 and a 12 month high of $393.40. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 2.73 and a beta of 1.19. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $363.31 and a 200-day simple moving average of $333.50.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is 7.95%.

Insider Activity

In related news, VP John C. Watts sold 412 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased a total of 116 shares of company stock valued at $35,278 over the last three months. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CW. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research report on Monday, November 18th. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday. They issued a “buy” rating and a $410.00 price target for the company. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.