Ieq Capital LLC Makes New $284,000 Investment in Curtiss-Wright Co. (NYSE:CW)

Ieq Capital LLC purchased a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 800 shares of the aerospace company's stock, valued at approximately $284,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. YANKCOM Partnership acquired a new position in Curtiss-Wright in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $53,000. Brooklyn Investment Group bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $59,000. UMB Bank n.a. lifted its position in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after acquiring an additional 64 shares during the period. Finally, Morse Asset Management Inc bought a new position in Curtiss-Wright during the third quarter worth $69,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

NYSE CW traded up $0.81 during trading hours on Tuesday, reaching $316.17. 123,068 shares of the company were exchanged, compared to its average volume of 327,629. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $11.91 billion, a P/E ratio of 29.86, a P/E/G ratio of 2.48 and a beta of 1.19. Curtiss-Wright Co. has a 1 year low of $236.31 and a 1 year high of $393.40. The business's 50 day simple moving average is $347.24 and its 200-day simple moving average is $344.74.

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Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, equities research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. Curtiss-Wright's payout ratio is 7.96%.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares of the company's stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John C. Watts sold 622 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Morgan Stanley boosted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price target on the stock. Truist Financial upped their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus target price of $386.86.

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.