Harel Insurance Investments & Financial Services Ltd. Purchases 962 Shares of Curtiss-Wright Co. (NYSE:CW)

Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 50.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,865 shares of the aerospace company’s stock after purchasing an additional 962 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Curtiss-Wright were worth $1,017,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in shares of Curtiss-Wright by 2.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,542 shares of the aerospace company’s stock valued at $902,000 after purchasing an additional 60 shares during the period. Inspire Investing LLC grew its position in Curtiss-Wright by 28.0% in the fourth quarter. Inspire Investing LLC now owns 10,084 shares of the aerospace company’s stock valued at $3,579,000 after acquiring an additional 2,207 shares during the period. Mutual Advisors LLC lifted its holdings in shares of Curtiss-Wright by 8.4% during the fourth quarter. Mutual Advisors LLC now owns 1,061 shares of the aerospace company’s stock valued at $388,000 after acquiring an additional 82 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Curtiss-Wright by 28.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,653 shares of the aerospace company’s stock valued at $941,000 after purchasing an additional 584 shares in the last quarter. Finally, Redmont Wealth Advisors LLC grew its holdings in shares of Curtiss-Wright by 3.0% in the 4th quarter. Redmont Wealth Advisors LLC now owns 2,482 shares of the aerospace company’s stock worth $881,000 after purchasing an additional 72 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CW shares. Citigroup initiated coverage on shares of Curtiss-Wright in a research report on Tuesday. They issued a “buy” rating and a $410.00 price target on the stock. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Morgan Stanley increased their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John C. Watts sold 412 shares of the firm’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 transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought 116 shares of company stock worth $35,278 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW stock opened at $383.75 on Friday. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 2.73 and a beta of 1.19. Curtiss-Wright Co. has a 12 month low of $220.90 and a 12 month 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. The stock has a 50-day moving average price of $364.27 and a 200 day moving average price of $334.62.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.22%. Curtiss-Wright’s payout ratio is currently 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.