Covea Finance Has $9.90 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Covea Finance reduced its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,900 shares of the aerospace company's stock after selling 1,600 shares during the period. Covea Finance owned 0.07% of Curtiss-Wright worth $9,901,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CW. International Assets Investment Management LLC increased its position in Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock worth $133,102,000 after acquiring an additional 403,701 shares during the period. Congress Asset Management Co. grew its position in 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 purchasing an additional 265,205 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Curtiss-Wright during the 3rd quarter worth about $47,220,000. Allspring Global Investments Holdings LLC raised its position in shares of Curtiss-Wright by 91.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company's stock valued at $58,543,000 after buying an additional 85,013 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Curtiss-Wright by 37.0% in the second quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company's stock valued at $64,815,000 after buying an additional 64,619 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction 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 sale, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John C. Watts sold 412 shares of Curtiss-Wright 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 transaction, the vice president now directly owns 4,183 shares of the company's stock, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 116 shares of company stock worth $35,278 in the last quarter. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 target price for the company. Stifel Nicolaus cut 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. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target on the stock. Finally, StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.00.

Curtiss-Wright Price Performance

NYSE:CW traded up $2.24 during trading hours on Wednesday, reaching $361.83. The company had a trading volume of 273,231 shares, compared to its average volume of 283,215. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $364.84 and a two-hundred day moving average of $329.75. Curtiss-Wright Co. has a one year low of $217.57 and a one year high of $393.40. The firm has a market capitalization of $13.73 billion, a PE ratio of 34.23, a PEG ratio of 2.92 and a beta of 1.18.

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 issued 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 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.