Curtiss-Wright Co. (NYSE:CW) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in Curtiss-Wright Co. (NYSE:CW) by 31.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 333,088 shares of the aerospace company’s stock after acquiring an additional 79,362 shares during the quarter. Van ECK Associates Corp’s holdings in Curtiss-Wright were worth $118,203,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CW. International Assets Investment Management LLC lifted its stake in shares of Curtiss-Wright by 32,425.8% in the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Congress Asset Management Co. raised its stake in Curtiss-Wright by 136.8% during the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after buying an additional 265,205 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Curtiss-Wright by 90.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after buying an additional 160,395 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Curtiss-Wright during the third quarter valued at approximately $47,220,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Curtiss-Wright during the fourth quarter valued at approximately $13,395,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $337.58 on Friday. Curtiss-Wright Co. has a 12-month low of $226.67 and a 12-month high of $393.40. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The business has a 50 day simple moving average of $357.59 and a 200 day simple moving average of $341.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that Curtiss-Wright Co. will post 10.72 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on CW shares. Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Finally, Alembic Global Advisors started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the stock in a transaction on Wednesday, February 5th. The stock was 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 approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Corporate insiders own 0.67% of the company’s stock.

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.