Exchange Traded Concepts LLC Has $20.20 Million Holdings in Curtiss-Wright Corporation $CW

Key Points

• Exchange Traded Concepts LLC increased its stake in Curtiss‑Wright by 18.3% in Q4 to 36,644 shares worth $20.20 million (about 0.10% of the company).
• Curtiss‑Wright beat expectations for the quarter—EPS $3.79 vs. $3.66 and revenue $946.98M vs. $890.14M (up 14.9% YoY)—and analysts have a consensus "Moderate Buy" with an average price target of $663.17 and individual targets up to roughly $760.
• Insiders have been net sellers, disposing of 23,112 shares (~$14.77M) in the last three months (including the CEO), while institutional investors own 82.71% of the stock.

Exchange Traded Concepts LLC grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 18.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,644 shares of the aerospace company's stock after buying an additional 5,662 shares during the period. Exchange Traded Concepts LLC owned approximately 0.10% of Curtiss-Wright worth $20,201,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S bought a new position in Curtiss-Wright during the third quarter worth $2,781,000. CIBC Bancorp USA Inc. bought a new stake in Curtiss-Wright in the third quarter valued at $37,812,000. Inscription Capital LLC increased its stake in Curtiss-Wright by 248.3% in the third quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company's stock valued at $1,386,000 after purchasing an additional 1,820 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Curtiss-Wright by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company's stock valued at $100,567,000 after purchasing an additional 7,022 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Curtiss-Wright by 7.2% during the third quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company's stock valued at $65,443,000 after purchasing an additional 8,095 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CW shares. Truist Financial set a $603.00 target price on Curtiss-Wright in a research note on Friday, January 9th. Citigroup upped their price target on Curtiss-Wright from $661.00 to $718.00 and gave the stock a "neutral" rating in a research note on Friday, February 13th. Morgan Stanley reissued an "overweight" rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research note on Friday, February 13th. Weiss Ratings restated a "buy (b)" rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and an average price target of $663.17.

Curtiss-Wright Stock Performance

CW stock opened at $663.40 on Friday. The business has a 50 day moving average of $677.18 and a 200-day moving average of $598.70. The firm has a market cap of $24.46 billion, a PE ratio of 51.55, a P/E/G ratio of 3.24 and a beta of 0.91. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $730.12. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the prior year, the business earned $3.27 earnings per share. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. As a group, sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright's dividend payout ratio is presently 7.46%.

Insiders Place Their Bets

In related news, VP Gary A. Ogilby sold 625 shares of the company's stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $624.32, for a total transaction of $390,200.00. Following the sale, the vice president owned 2,571 shares of the company's stock, valued at approximately $1,605,126.72. This represents a 19.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 9,327 shares of the company's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the transaction, the chief executive officer directly owned 46,192 shares in the company, valued at approximately $28,936,978.40. The trade was a 16.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 23,112 shares of company stock worth $14,768,527 in the last three months. Insiders own 0.55% of the company's stock.

About Curtiss-Wright

Curtiss-Wright Corporation NYSE: CW is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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