Captrust Financial Advisors Decreases Stock Position in Curtiss-Wright Co. (NYSE:CW)

Captrust Financial Advisors lowered its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,897 shares of the aerospace company's stock after selling 3,409 shares during the quarter. Captrust Financial Advisors owned 0.08% of Curtiss-Wright worth $9,498,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Congress Asset Management Co. boosted its position in Curtiss-Wright by 136.8% during the third 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 in the last quarter. International Assets Investment Management LLC boosted its position in shares of 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 worth $133,102,000 after buying an additional 403,701 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Curtiss-Wright by 30,079.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company's stock valued at $81,943,000 after acquiring an additional 301,394 shares during the last quarter. Van ECK Associates Corp increased its holdings in 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 acquiring an additional 56,966 shares in the last quarter. Finally, Millennium Management LLC raised its position 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 acquiring an additional 64,619 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Trading Down 1.5 %

NYSE CW traded down $5.55 during trading hours on Monday, hitting $368.08. 112,058 shares of the company's stock were exchanged, compared to its average volume of 225,292. The business's 50 day moving average is $354.39 and its 200-day moving average is $310.68. 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 12-month low of $212.05 and a 12-month high of $393.40. The firm has a market capitalization of $13.97 billion, a P/E ratio of 35.57 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright's payout ratio is currently 7.95%.

Insider Buying and Selling

In other news, VP John C. Watts sold 412 shares of the firm's 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CW. Stifel Nicolaus cut shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. StockNews.com downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $364.40.

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.