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

Van ECK Associates Corp raised its position in Curtiss-Wright Co. (NYSE:CW) by 59.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,119 shares of the aerospace company’s stock after acquiring an additional 13,425 shares during the quarter. Van ECK Associates Corp’s holdings in Curtiss-Wright were worth $8,047,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth $1,894,000. Pacer Advisors Inc. lifted its stake in shares of Curtiss-Wright by 92.5% in the 4th quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company’s stock worth $1,835,000 after acquiring an additional 3,957 shares during the period. Cadinha & Co. LLC lifted its stake in shares of Curtiss-Wright by 1,101.1% in the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock worth $15,507,000 after acquiring an additional 63,810 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Curtiss-Wright by 71.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company’s stock valued at $1,558,000 after purchasing an additional 2,924 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Curtiss-Wright by 729.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock valued at $3,996,000 after purchasing an additional 17,964 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CW. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 27th. Truist Financial increased their price target on shares of Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a report on Friday. Morgan Stanley increased their price target on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Robert W. Baird increased their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. One 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 currently has an average rating of “Moderate Buy” and an average price target of $277.00.

Insiders Place Their Bets

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at $4,171,920. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the sale, the vice president now owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the transaction, the chief financial officer now owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock valued at $3,030,512 in the last ninety days. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $268.35 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $248.39 and a two-hundred day moving average price of $228.06. Curtiss-Wright Co. has a twelve month low of $157.72 and a twelve month high of $269.00. The company has a market capitalization of $10.27 billion, a P/E ratio of 27.64 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 17.10%. The firm had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. During the same period last year, the firm posted $1.53 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, research analysts expect that Curtiss-Wright Co. will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 0.30%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.24%.

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.