Inspire Investing LLC Increases Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Inspire Investing LLC lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 28.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,084 shares of the aerospace company's stock after purchasing an additional 2,207 shares during the quarter. Inspire Investing LLC's holdings in Curtiss-Wright were worth $3,579,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of Curtiss-Wright by 71.6% during the 2nd quarter. Renaissance Technologies LLC now owns 15,100 shares of the aerospace company's stock worth $4,092,000 after acquiring an additional 6,300 shares during the period. XTX Topco Ltd boosted its stake in Curtiss-Wright by 18.7% in the second quarter. XTX Topco Ltd now owns 1,008 shares of the aerospace company's stock valued at $273,000 after buying an additional 159 shares in the last quarter. Intech Investment Management LLC bought a new position in Curtiss-Wright in the second quarter valued at about $1,207,000. Canada Pension Plan Investment Board lifted its holdings in shares of Curtiss-Wright by 176.5% in the second quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the aerospace company's stock worth $3,821,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Curtiss-Wright by 27.7% in the 2nd quarter. Pacer Advisors Inc. now owns 9,190 shares of the aerospace company's stock valued at $2,490,000 after purchasing an additional 1,995 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on CW shares. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday. They issued a "buy" rating and a $410.00 price objective for the company. Morgan Stanley boosted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Alembic Global Advisors started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price for the company. 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 report on Monday, November 18th. Finally, Truist Financial lifted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and a consensus target price of $386.86.

Insiders Place Their Bets

In other news, VP John C. Watts sold 412 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares of the company's stock, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents 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 have acquired 116 shares of company stock worth $35,278. Corporate insiders own 0.67% of the company's stock.

Curtiss-Wright Trading Up 0.2 %

CW stock traded up $0.92 during midday trading on Thursday, hitting $383.47. The stock had a trading volume of 200,692 shares, compared to its average volume of 252,828. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The firm has a market cap of $14.55 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 2.73 and a beta of 1.19. The business has a fifty day moving average price of $363.31 and a two-hundred day moving average price of $333.50. Curtiss-Wright Co. has a 1-year low of $220.90 and a 1-year high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.22%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.95%.

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.