Barclays PLC Decreases Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Barclays PLC decreased its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 51.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,034 shares of the aerospace company's stock after selling 51,259 shares during the period. Barclays PLC owned 0.13% of Curtiss-Wright worth $16,117,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Congress Asset Management Co. raised its holdings in shares of Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock worth $150,893,000 after acquiring an additional 265,205 shares during the last quarter. International Assets Investment Management LLC grew its stake in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock valued at $133,102,000 after purchasing an additional 403,701 shares during the period. Van ECK Associates Corp increased its position in shares of Curtiss-Wright by 29.0% during the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company's stock valued at $88,847,000 after purchasing an additional 56,966 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in Curtiss-Wright by 4.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 245,644 shares of the aerospace company's stock valued at $80,741,000 after buying an additional 10,959 shares during the period. Finally, Millennium Management LLC increased its holdings in Curtiss-Wright by 37.0% during the second quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company's stock worth $64,815,000 after buying an additional 64,619 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CW shares. Truist Financial increased their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Morgan Stanley boosted 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. Alembic Global Advisors began coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target for the company. StockNews.com cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Finally, Stifel Nicolaus lowered shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a research report 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 stock. According to MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and an average target price of $379.00.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the 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 transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Watts sold 412 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, 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 own 0.67% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW stock traded up $18.33 during trading hours on Monday, reaching $385.25. The stock had a trading volume of 314,565 shares, compared to its average volume of 226,889. The stock's fifty day simple moving average is $363.34 and its 200 day simple moving average is $317.88. The firm has a market capitalization of $14.62 billion, a PE ratio of 36.45, a PEG ratio of 2.96 and a beta of 1.18. Curtiss-Wright Co. has a 12 month low of $212.05 and a 12 month high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders 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 dividend on an annualized basis and a yield of 0.22%. Curtiss-Wright's dividend 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.