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

Van ECK Associates Corp raised its holdings in shares of Curtiss-Wright Co. (NYSE:CWGet Rating) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,045 shares of the aerospace company’s stock after purchasing an additional 94 shares during the period. Van ECK Associates Corp’s holdings in Curtiss-Wright were worth $145,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CW. American Century Companies Inc. increased its holdings in Curtiss-Wright by 16.9% during the 1st quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock valued at $614,000 after acquiring an additional 593 shares in the last quarter. US Bancorp DE increased its holdings in Curtiss-Wright by 15.4% during the 1st quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock valued at $849,000 after acquiring an additional 756 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Curtiss-Wright by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock worth $1,141,000 after buying an additional 121 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Curtiss-Wright during the first quarter worth about $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Curtiss-Wright by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock worth $2,159,000 after buying an additional 1,371 shares in the last quarter. 84.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Curtiss-Wright in a report on Monday, October 10th. They set an “outperform” rating and a $170.00 price target for the company. StockNews.com assumed coverage on shares of Curtiss-Wright in a report on Wednesday, October 12th. They set a “buy” rating for the company. Truist Financial lifted their price target on shares of Curtiss-Wright from $175.00 to $183.00 in a report on Monday, January 9th. Morgan Stanley downgraded shares of Curtiss-Wright from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $187.00 to $188.00 in a report on Monday, December 12th. Finally, Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $162.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Curtiss-Wright Price Performance

CW opened at $157.59 on Friday. The company’s 50 day simple moving average is $169.79 and its 200 day simple moving average is $155.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.68. Curtiss-Wright Co. has a 1 year low of $124.37 and a 1 year high of $182.55. The stock has a market capitalization of $6.04 billion, a PE ratio of 23.42 and a beta of 1.26.

Curtiss-Wright (NYSE:CWGet Rating) last released its earnings results on Wednesday, November 2nd. The aerospace company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.04. The business had revenue of $630.54 million for the quarter, compared to analysts’ expectations of $658.30 million. Curtiss-Wright had a net margin of 10.62% and a return on equity of 15.96%. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 8.12 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Wednesday, November 23rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, November 22nd. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. Curtiss-Wright’s dividend payout ratio (DPR) is 11.29%.

Curtiss-Wright Profile

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Curtiss-Wright Corporation is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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