Diversify Wealth Management LLC Increases Position in Curtiss-Wright Co. (NYSE:CW)

Diversify Wealth Management LLC increased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 43.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,894 shares of the aerospace company’s stock after acquiring an additional 873 shares during the quarter. Diversify Wealth Management LLC’s holdings in Curtiss-Wright were worth $1,014,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock worth $240,606,000 after buying an additional 27,607 shares during the last quarter. Congress Asset Management Co. increased its holdings 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 valued at $150,893,000 after purchasing an additional 265,205 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Curtiss-Wright by 32,425.8% in the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after acquiring an additional 403,701 shares during the period. Franklin Resources Inc. raised its holdings in Curtiss-Wright by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after purchasing an additional 22,543 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Curtiss-Wright by 29.0% during the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock worth $88,847,000 after buying an additional 56,966 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP John C. Watts sold 412 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of the business’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 approximately $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 a total of 116 shares of company stock worth $35,278 over the last 90 days. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Curtiss-Wright Trading Up 0.3 %

NYSE CW opened at $366.88 on Tuesday. The stock has a market capitalization of $13.92 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. The firm has a 50 day moving average of $363.45 and a two-hundred day moving average of $332.38. Curtiss-Wright Co. has a 52 week low of $220.90 and a 52 week high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is 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.