BNP Paribas Financial Markets Decreases Holdings in Curtiss-Wright Co. (NYSE:CW)

BNP Paribas Financial Markets lowered its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,438 shares of the aerospace company's stock after selling 1,374 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of Curtiss-Wright worth $7,375,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc grew its stake in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of Curtiss-Wright in the second quarter worth $30,000. EverSource Wealth Advisors LLC raised its position in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company's stock worth $31,000 after buying an additional 116 shares in the last quarter. Tsfg LLC boosted its stake in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after buying an additional 67 shares during the period. Finally, UMB Bank n.a. grew its position in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock worth $35,000 after buying an additional 79 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

NYSE:CW traded up $1.15 during trading hours on Tuesday, reaching $369.50. The company had a trading volume of 89,828 shares, compared to its average volume of 224,698. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 34.73 and a beta of 1.18. 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 Co. has a 52 week low of $212.05 and a 52 week high of $393.40. The firm's 50 day moving average price is $355.10 and its 200-day moving average price is $311.32.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be 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 is Friday, November 22nd. Curtiss-Wright's dividend payout ratio is presently 7.95%.

Wall Street Analyst Weigh In

CW has been the subject of several recent research reports. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. StockNews.com lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Truist Financial upped their price target on Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and an average target price of $364.40.

Insider Activity

In other news, VP John C. Watts sold 412 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.55% of the company's stock.

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.