Curtiss-Wright Co. (NYSE:CW) Shares Sold by Connective Portfolio Management LLC

Connective Portfolio Management LLC cut its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 41.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,800 shares of the aerospace company's stock after selling 1,300 shares during the period. Connective Portfolio Management LLC's holdings in Curtiss-Wright were worth $639,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Curtiss-Wright by 32,425.8% in 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 during the period. Congress Asset Management Co. grew its stake in shares of Curtiss-Wright by 136.8% during 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 during the period. World Investment Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth $47,220,000. Allspring Global Investments Holdings LLC raised its position in shares of Curtiss-Wright by 91.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company's stock worth $58,543,000 after buying an additional 85,013 shares during the period. Finally, Millennium Management LLC raised its position in shares of Curtiss-Wright by 37.0% in the 2nd quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company's stock worth $64,815,000 after buying an additional 64,619 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Activity

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares of the company's stock, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction 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. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired 116 shares of company stock worth $35,278 over the last ninety days. Corporate insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Stifel Nicolaus lowered shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Truist Financial lifted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a "buy" rating and a $452.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and a consensus price target of $383.00.

Curtiss-Wright Stock Up 1.1 %

Shares of NYSE CW traded up $3.98 during trading on Thursday, reaching $365.82. 95,181 shares of the stock were exchanged, compared to its average volume of 264,022. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. The business's 50-day moving average price is $364.52 and its 200 day moving average price is $329.98. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $217.57 and a twelve month high of $393.40.

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 yield of 0.23%. Curtiss-Wright's payout ratio is currently 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.