Curtiss-Wright Co. (NYSE:CW) Shares Acquired by Custom Index Systems LLC

Custom Index Systems LLC grew its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,035 shares of the aerospace company’s stock after buying an additional 178 shares during the period. Curtiss-Wright accounts for about 0.8% of Custom Index Systems LLC’s holdings, making the stock its 28th largest holding. Custom Index Systems LLC’s holdings in Curtiss-Wright were worth $1,432,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CW. Tsfg LLC boosted its stake in Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $53,000. Brooklyn Investment Group purchased a new position in Curtiss-Wright during the 3rd quarter worth approximately $59,000. Finally, Quarry LP increased its position in Curtiss-Wright by 176.9% during the second quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of research reports. Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Morgan Stanley increased their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $386.86.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 116 shares of company stock valued at $35,278 over the last quarter. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $347.72 on Friday. Curtiss-Wright Co. has a 52 week low of $220.90 and a 52 week high of $393.40. The company has a 50-day moving average price of $362.20 and a 200 day moving average price of $336.83. The company has a market cap of $13.20 billion, a P/E ratio of 32.90, a PEG ratio of 2.41 and a beta of 1.19. 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 Dividend Announcement

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. The ex-dividend date was Friday, November 22nd. 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 presently 7.95%.

Curtiss-Wright Company 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.