Curtiss-Wright Co. (NYSE:CW) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 31.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 333,088 shares of the aerospace company's stock after buying an additional 79,362 shares during the quarter. Van ECK Associates Corp owned 0.88% of Curtiss-Wright worth $118,203,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Atomi Financial Group Inc. acquired a new stake in Curtiss-Wright in the 4th quarter valued at $239,000. Oppenheimer & Co. Inc. acquired a new stake in Curtiss-Wright in the 3rd quarter valued at $542,000. Fisher Asset Management LLC boosted its stake in Curtiss-Wright by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company's stock worth $23,158,000 after purchasing an additional 5,437 shares during the last quarter. MML Investors Services LLC boosted its stake in Curtiss-Wright by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock worth $3,217,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Curtiss-Wright during the 4th quarter worth $210,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Stifel Nicolaus lowered 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. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $386.86.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded down $14.50 during trading hours on Monday, hitting $323.45. The stock had a trading volume of 553,652 shares, compared to its average volume of 254,030. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.50 and a beta of 1.19. Curtiss-Wright Co. has a 1-year low of $230.00 and a 1-year high of $393.40. The stock's fifty day moving average is $355.67 and its two-hundred day moving average is $342.25.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. As a group, analysts predict that Curtiss-Wright Co. will post 10.72 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.95%.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 7,129 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 2,453 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.00, for a total value of $851,191.00. Following the completion of the transaction, the chief financial officer now owns 12,712 shares in the company, valued at approximately $4,411,064. This trade represents a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by company 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.