Hennion & Walsh Asset Management Inc. Has $1.49 Million Position in Curtiss-Wright Co. (NYSE:CW)

Hennion & Walsh Asset Management Inc. boosted its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,198 shares of the aerospace company's stock after acquiring an additional 1,046 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Curtiss-Wright were worth $1,490,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tsfg LLC lifted its holdings in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock worth $34,000 after buying an additional 67 shares during the last quarter. UMB Bank n.a. lifted its stake in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright in the third quarter worth $53,000. Brooklyn Investment Group bought a new stake in Curtiss-Wright during the third quarter valued at $59,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright during the third quarter worth $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CW shares. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a "buy" rating and a $452.00 price target for the company. StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price for the company. Finally, Truist Financial boosted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $383.00.

Curtiss-Wright Price Performance

NYSE:CW traded up $0.97 during trading hours on Friday, reaching $366.88. 151,169 shares of the company's stock were exchanged, compared to its average volume of 247,136. The company has a market capitalization of $13.92 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. Curtiss-Wright Co. has a 12 month low of $220.90 and a 12 month high of $393.40. The business's 50-day simple moving average is $363.91 and its two-hundred day simple moving average is $331.30. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright's payout ratio is presently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John C. Watts sold 412 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now owns 4,183 shares of the company's stock, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 116 shares of company stock valued at $35,278. 0.55% of the stock is currently owned by corporate insiders.

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.