Integrated Investment Consultants LLC Reduces Position in Curtiss-Wright Co. (NYSE:CW)

Integrated Investment Consultants LLC decreased its position in Curtiss-Wright Co. (NYSE:CW) by 8.0% in the fourth quarter, Holdings Channel reports. The firm owned 1,060 shares of the aerospace company’s stock after selling 92 shares during the period. Integrated Investment Consultants LLC’s holdings in Curtiss-Wright were worth $376,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Merit Financial Group LLC purchased a new stake in Curtiss-Wright during the fourth quarter worth $210,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Curtiss-Wright by 33.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,198 shares of the aerospace company’s stock worth $1,490,000 after purchasing an additional 1,046 shares in the last quarter. Radnor Capital Management LLC increased its position in shares of Curtiss-Wright by 3.9% in the 4th quarter. Radnor Capital Management LLC now owns 7,417 shares of the aerospace company’s stock valued at $2,632,000 after acquiring an additional 276 shares during the period. Park Avenue Securities LLC increased its position in shares of Curtiss-Wright by 23.1% in the 4th quarter. Park Avenue Securities LLC now owns 5,615 shares of the aerospace company’s stock valued at $1,993,000 after acquiring an additional 1,054 shares during the period. Finally, Kathmere Capital Management LLC increased its position in shares of Curtiss-Wright by 8.5% in the 4th quarter. Kathmere Capital Management LLC now owns 731 shares of the aerospace company’s stock valued at $259,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial upped their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Morgan Stanley upped 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. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Finally, Stifel Nicolaus downgraded 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $383.00.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were 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 in the company, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought a total of 116 shares of company stock valued at $35,278 in the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Up 0.3 %

CW stock opened at $366.88 on Friday. The company’s 50-day simple moving average is $363.91 and its 200-day simple moving average is $331.30. 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 Co. has a 52-week low of $220.90 and a 52-week high of $393.40. The firm has a market cap of $13.92 billion, a P/E ratio of 34.71, a PEG ratio of 2.51 and a beta of 1.19.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s payout ratio is currently 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.