Van ECK Associates Corp Raises Stock Position in Curtiss-Wright Co. (NYSE:CW)

Van ECK Associates Corp lifted its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 59.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,119 shares of the aerospace company's stock after purchasing an additional 13,425 shares during the period. Van ECK Associates Corp owned 0.09% of Curtiss-Wright worth $8,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolverine Asset Management LLC purchased a new stake in shares of Curtiss-Wright during the fourth quarter valued at $1,894,000. Pacer Advisors Inc. boosted its holdings in Curtiss-Wright by 92.5% in the fourth quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company's stock worth $1,835,000 after purchasing an additional 3,957 shares during the last quarter. Cadinha & Co. LLC grew its position in 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 purchasing an additional 63,810 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Curtiss-Wright by 71.8% during 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 buying an additional 2,924 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Curtiss-Wright by 729.1% during 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 buying an additional 17,964 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW stock traded up $5.24 on Friday, hitting $268.17. 303,319 shares of the stock traded hands, compared to its average volume of 201,701. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.50. Curtiss-Wright Co. has a 52 week low of $157.72 and a 52 week high of $269.00. The firm has a 50 day simple moving average of $248.98 and a two-hundred day simple moving average of $228.49. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 27.62 and a beta of 1.18.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.24. The business had revenue of $713.17 million for the quarter, compared to analysts' expectations of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. As a group, equities research analysts predict that Curtiss-Wright Co. will post 10.17 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on CW. StockNews.com downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 27th. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an "outperform" rating in a research note on Monday, April 8th. Morgan Stanley boosted their target price on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an "overweight" rating in a research report on Friday. Truist Financial raised their target price on Curtiss-Wright from $240.00 to $252.00 and gave the stock a "hold" rating in a report on Friday. Finally, Stifel Nicolaus boosted their price target on Curtiss-Wright from $255.00 to $272.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $277.00.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total value of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares of the company's stock, valued at $2,448,164.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares in the company, valued at $3,985,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO K Christopher Farkas sold 925 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the transaction, the chief financial officer now directly owns 10,052 shares in the company, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock valued at $3,030,512 in the last three months. 0.67% of the stock is currently owned by corporate insiders.

About Curtiss-Wright

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.