Exchange Traded Concepts LLC Has $902,000 Stock Position in Curtiss-Wright Co. (NYSE:CW)

Exchange Traded Concepts LLC grew its stake in Curtiss-Wright Co. (NYSE:CW) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,542 shares of the aerospace company’s stock after buying an additional 60 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Curtiss-Wright were worth $902,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CW. Tsfg LLC increased its holdings in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $53,000. Brooklyn Investment Group bought a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $59,000. Finally, Morse Asset Management Inc acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $69,000. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders acquired 116 shares of company stock valued at $35,278 in the last quarter. 0.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research reports. 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 objective on the stock. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Morgan Stanley lifted 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. Alembic Global Advisors started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Finally, Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $337.74 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average price is $363.54 and its two-hundred day moving average price is $336.25. The company has a market cap of $12.82 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.73 and a beta of 1.19. Curtiss-Wright Co. has a twelve month low of $220.90 and a twelve month high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Curtiss-Wright 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.