Smith Salley Wealth Management Buys New Holdings in Curtiss-Wright Co. (NYSE:CW)

Smith Salley Wealth Management bought a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 31,206 shares of the aerospace company's stock, valued at approximately $11,074,000. Smith Salley Wealth Management owned 0.08% of Curtiss-Wright at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Merit Financial Group LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at $210,000. Hennion & Walsh Asset Management Inc. lifted its position in Curtiss-Wright by 33.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,198 shares of the aerospace company's stock valued at $1,490,000 after acquiring an additional 1,046 shares in the last quarter. Radnor Capital Management LLC lifted its position in Curtiss-Wright by 3.9% in the 4th quarter. Radnor Capital Management LLC now owns 7,417 shares of the aerospace company's stock valued at $2,632,000 after acquiring an additional 276 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Curtiss-Wright by 23.1% during the 4th quarter. Park Avenue Securities LLC now owns 5,615 shares of the aerospace company's stock worth $1,993,000 after purchasing an additional 1,054 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its holdings in Curtiss-Wright by 8.5% during the 4th quarter. Kathmere Capital Management LLC now owns 731 shares of the aerospace company's stock worth $259,000 after purchasing an additional 57 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares of the company's stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on 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 sale, the chief executive officer now directly owns 28,688 shares of the company's stock, valued at $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. Over the last quarter, insiders have acquired 116 shares of company stock worth $35,278. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on CW shares. StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective for the company. Morgan Stanley boosted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective on the stock. in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $383.00.

Curtiss-Wright Price Performance

NYSE CW traded up $0.97 during trading hours on Friday, hitting $366.88. The company had a trading volume of 151,169 shares, compared to its average volume of 247,136. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.51 and a beta of 1.19. Curtiss-Wright Co. has a 52 week low of $220.90 and a 52 week high of $393.40. The firm has a 50 day simple moving average of $363.91 and a 200 day simple moving average of $331.30.

Curtiss-Wright Dividend Announcement

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

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.