37,746 Shares in Curtiss-Wright Co. (NYSE:CW) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,746 shares of the aerospace company's stock, valued at approximately $13,395,000. Assenagon Asset Management S.A. owned approximately 0.10% of Curtiss-Wright at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Wallace Advisory Group LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $208,000. Clean Yield Group purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth $124,000. Nordea Investment Management AB grew its position in shares of Curtiss-Wright by 1.3% during the 4th quarter. Nordea Investment Management AB now owns 25,934 shares of the aerospace company's stock worth $9,330,000 after buying an additional 335 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Curtiss-Wright by 13.4% during the fourth quarter. GAMMA Investing LLC now owns 577 shares of the aerospace company's stock valued at $205,000 after buying an additional 68 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Curtiss-Wright by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company's stock valued at $39,161,000 after acquiring an additional 10,642 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

CW has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Truist Financial lifted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday. StockNews.com lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target on the stock. Finally, Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and an average price target of $383.00.

Insider Buying and Selling

In related news, VP John C. Watts sold 412 shares of the company'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 value of $148,134.60. Following the sale, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the firm'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 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 disclosure for this sale can be found here. Insiders purchased 116 shares of company stock worth $35,278 in the last three months. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Up 0.3 %

Shares of CW traded up $0.97 during midday trading on Friday, hitting $366.88. 151,169 shares of the company's stock traded hands, compared to its average volume of 247,136. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. Curtiss-Wright Co. has a 1 year low of $220.90 and a 1 year high of $393.40. The firm's fifty day moving average is $363.91 and its 200-day moving average is $330.89.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were given a $0.21 dividend. 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 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.