Citigroup Inc. boosted its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,058 shares of the aerospace company's stock after acquiring an additional 3,362 shares during the period. Citigroup Inc. owned 0.15% of Curtiss-Wright worth $18,426,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings 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 valued at $133,102,000 after purchasing an additional 403,701 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company's stock worth $81,943,000 after buying an additional 301,394 shares during the period. Congress Asset Management Co. boosted its stake 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 valued at $150,893,000 after buying an additional 265,205 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Curtiss-Wright in the second quarter valued at $41,383,000. Finally, Van ECK Associates Corp raised its stake in Curtiss-Wright by 79.2% during the second quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company's stock worth $53,318,000 after acquiring an additional 86,955 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.
Curtiss-Wright Trading Down 0.6 %
Curtiss-Wright stock traded down $2.25 during trading hours on Wednesday, reaching $372.80. 16,337 shares of the company's stock traded hands, compared to its average volume of 225,692. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 35.46 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a fifty-two week low of $209.01 and a fifty-two week high of $393.40. The firm's 50 day moving average is $350.07 and its 200-day moving average is $307.94.
Curtiss-Wright Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.95%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on CW. Morgan Stanley increased their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price on the stock. StockNews.com cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Finally, Robert W. Baird raised their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $364.40.
Get Our Latest Analysis on Curtiss-Wright
Insider Activity at Curtiss-Wright
In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.
Curtiss-Wright Company Profile
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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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