624 Shares in Curtiss-Wright Co. (NYSE:CW) Bought by David Wealth Management LLC

David Wealth Management LLC acquired a new stake in Curtiss-Wright Co. (NYSE:CW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 624 shares of the aerospace company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after buying an additional 403,701 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after acquiring an additional 265,205 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Curtiss-Wright during the third quarter worth about $47,220,000. Allspring Global Investments Holdings LLC raised its holdings in Curtiss-Wright by 91.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock worth $58,543,000 after purchasing an additional 85,013 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Curtiss-Wright by 29.0% in the third quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock valued at $88,847,000 after purchasing an additional 56,966 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 622 shares of the firm’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 owns 5,072 shares in the company, valued at approximately $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 ninety days, insiders purchased 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $350.18 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $359.19 and its 200 day moving average price is $341.02. Curtiss-Wright Co. has a 52 week low of $225.33 and a 52 week high of $393.40. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.50 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CW shares. 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 report on Tuesday, November 5th. Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Truist Financial raised their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

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.