Centiva Capital LP trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 41.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,870 shares of the aerospace company's stock after selling 3,386 shares during the quarter. Centiva Capital LP's holdings in Curtiss-Wright were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the stock. Tidal Investments LLC bought a new stake in Curtiss-Wright in the first quarter valued at about $329,000. Cetera Investment Advisers increased its stake in shares of Curtiss-Wright by 204.9% during the first quarter. Cetera Investment Advisers now owns 12,437 shares of the aerospace company's stock worth $3,183,000 after purchasing an additional 8,358 shares during the period. Cetera Advisors LLC increased its stake in Curtiss-Wright by 178.7% during the 1st quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company's stock worth $1,017,000 after acquiring an additional 2,548 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Curtiss-Wright by 26.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,732 shares of the aerospace company's stock valued at $442,000 after purchasing an additional 362 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1,933.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 116 shares in the last quarter. 82.71% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have issued reports on CW. Morgan Stanley increased their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. Truist Financial boosted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. StockNews.com downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Finally, Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective on the stock. in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $364.40.
Read Our Latest Report on CW
Curtiss-Wright Price Performance
Shares of Curtiss-Wright stock traded up $8.39 on Wednesday, reaching $379.40. 172,453 shares of the stock were exchanged, compared to its average volume of 225,155. The firm's 50 day moving average is $355.98 and its 200-day moving average is $311.98. Curtiss-Wright Co. has a one year low of $212.05 and a one year high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The firm has a market cap of $14.40 billion, a PE ratio of 35.11 and a beta of 1.18.
Curtiss-Wright Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.22%. Curtiss-Wright's payout ratio is presently 7.95%.
Insider Buying and Selling at Curtiss-Wright
In related news, VP John C. Watts sold 412 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.
About Curtiss-Wright
(
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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