Van ECK Associates Corp Acquires 8,559 Shares of Curtiss-Wright Co. (NYSE:CW)

Van ECK Associates Corp increased its holdings in shares of Curtiss-Wright Co. (NYSE:CWFree Report) by 60.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 22,694 shares of the aerospace company’s stock after purchasing an additional 8,559 shares during the quarter. Van ECK Associates Corp’s holdings in Curtiss-Wright were worth $4,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. increased its stake in Curtiss-Wright by 18.8% in the first quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock valued at $645,770,000 after purchasing an additional 680,850 shares in the last quarter. Boston Partners increased its stake in Curtiss-Wright by 1.4% in the second quarter. Boston Partners now owns 1,719,304 shares of the aerospace company’s stock valued at $317,071,000 after purchasing an additional 23,090 shares in the last quarter. State Street Corp increased its stake in Curtiss-Wright by 10.4% in the first quarter. State Street Corp now owns 1,500,162 shares of the aerospace company’s stock valued at $225,531,000 after purchasing an additional 141,697 shares in the last quarter. Moneta Group Investment Advisors LLC bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $212,009,000. Finally, Wellington Management Group LLP increased its stake in Curtiss-Wright by 31.7% in the first quarter. Wellington Management Group LLP now owns 756,894 shares of the aerospace company’s stock valued at $113,655,000 after purchasing an additional 182,125 shares in the last quarter. 80.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

CW has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Curtiss-Wright from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Finally, Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Buy” and a consensus price target of $237.75.

Read Our Latest Analysis on Curtiss-Wright

Curtiss-Wright Stock Performance

Shares of CW stock opened at $228.82 on Monday. The stock has a market cap of $8.75 billion, a P/E ratio of 25.68 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.30. The company has a fifty day moving average price of $221.29 and a two-hundred day moving average price of $209.79. Curtiss-Wright Co. has a one year low of $157.72 and a one year high of $228.93.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 8.98%.

About Curtiss-Wright

(Free Report)

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

See Also

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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