Inspire Investing LLC Has $3.58 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Inspire Investing LLC grew its position in Curtiss-Wright Co. (NYSE:CW) by 28.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,084 shares of the aerospace company’s stock after purchasing an additional 2,207 shares during the period. Inspire Investing LLC’s holdings in Curtiss-Wright were worth $3,579,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Mutual Advisors LLC increased its holdings in shares of Curtiss-Wright by 8.4% during the 4th 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 last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Curtiss-Wright by 28.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,653 shares of the aerospace company’s stock valued at $941,000 after acquiring an additional 584 shares during the last quarter. Redmont Wealth Advisors LLC increased its holdings in shares of Curtiss-Wright by 3.0% during the 4th quarter. Redmont Wealth Advisors LLC now owns 2,482 shares of the aerospace company’s stock valued at $881,000 after acquiring an additional 72 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at about $239,000. Finally, UMB Bank n.a. increased its holdings in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CW. Truist Financial increased 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. Morgan Stanley increased their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. 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 price objective for the company. Finally, Citigroup assumed coverage on Curtiss-Wright in a research report on Tuesday. They set a “buy” rating and a $410.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Trading Up 0.1 %

CW stock opened at $382.37 on Thursday. The business has a fifty day moving average price of $363.31 and a 200 day moving average price of $333.50. Curtiss-Wright Co. has a fifty-two week low of $220.90 and a fifty-two week high of $393.40. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 2.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39.

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 $0.21 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.22%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

Insider Activity

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

About Curtiss-Wright

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.