Quantinno Capital Management LP grew its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 9.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 19,891 shares of the aerospace company's stock after acquiring an additional 1,722 shares during the period. Quantinno Capital Management LP owned about 0.05% of Curtiss-Wright worth $6,538,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in CW. Tsfg LLC boosted its stake in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. UMB Bank n.a. raised its holdings in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock valued at $35,000 after acquiring an additional 79 shares during the period. GPS Wealth Strategies Group LLC bought a new stake in Curtiss-Wright during the second quarter valued at about $30,000. Brooklyn Investment Group bought a new stake in Curtiss-Wright during the third quarter valued at about $59,000. Finally, Morse Asset Management Inc purchased a new position in shares of Curtiss-Wright during the third quarter valued at about $69,000. Hedge funds and other institutional investors own 82.71% of the company's stock.
Analysts Set New Price Targets
CW has been the subject of several recent research reports. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target for the company. StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Truist Financial lifted their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a report on Thursday. They issued a "buy" rating and a $452.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.00.
View Our Latest Stock Analysis on Curtiss-Wright
Insiders Place Their Bets
In other news, VP John C. Watts sold 412 shares of the firm'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 transaction, the vice president now directly owns 4,183 shares of the company's stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.67% of the company's stock.
Curtiss-Wright Stock Performance
NYSE:CW traded down $4.18 during mid-day trading on Friday, hitting $376.01. The company's stock had a trading volume of 183,694 shares, compared to its average volume of 241,729. The business's fifty day moving average is $359.17 and its two-hundred day moving average is $313.59. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 35.58 and a beta of 1.18. Curtiss-Wright Co. has a 1 year low of $212.05 and a 1 year high of $393.40. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were given a $0.21 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.22%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.95%.
Curtiss-Wright Company Profile
(
Free Report)
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.
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