Van ECK Associates Corp Increases 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 29.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,726 shares of the aerospace company's stock after purchasing an additional 56,966 shares during the quarter. Van ECK Associates Corp owned 0.66% of Curtiss-Wright worth $88,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund raised its stake in shares of Curtiss-Wright by 15.8% in the 3rd quarter. New York State Common Retirement Fund now owns 78,503 shares of the aerospace company's stock valued at $25,803,000 after purchasing an additional 10,700 shares during the period. US Bancorp DE boosted its position in Curtiss-Wright by 94.0% during the 3rd quarter. US Bancorp DE now owns 8,873 shares of the aerospace company's stock worth $2,916,000 after acquiring an additional 4,300 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock worth $150,893,000 after acquiring an additional 265,205 shares in the last quarter. Diversify Wealth Management LLC lifted its position in Curtiss-Wright by 14.8% during the 3rd quarter. Diversify Wealth Management LLC now owns 2,021 shares of the aerospace company's stock worth $708,000 after buying an additional 261 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in Curtiss-Wright by 6.3% during the third quarter. First Trust Direct Indexing L.P. now owns 1,126 shares of the aerospace company's stock valued at $370,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded up $1.19 during midday trading on Monday, hitting $350.01. 247,956 shares of the company's stock were exchanged, compared to its average volume of 221,777. Curtiss-Wright Co. has a 52-week low of $203.22 and a 52-week high of $371.04. The company has a market cap of $13.41 billion, a P/E ratio of 33.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 1.98. The stock has a 50-day moving average price of $329.92 and a two-hundred day moving average price of $295.59.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analysts' expectations of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. The business's revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $2.15 earnings per share. On average, equities research analysts forecast that Curtiss-Wright Co. will post 10.6 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright's payout ratio is currently 7.95%.

Insider Transactions at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now owns 1,382 shares of the company's stock, valued at $418,469.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CW shares. StockNews.com cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Truist Financial upped their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a research note on Friday. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 target price on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $349.60.

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.