Curtiss-Wright Co. (NYSE:CW) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lowered its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,200 shares of the aerospace company's stock after selling 4,000 shares during the period. Polar Asset Management Partners Inc.'s holdings in Curtiss-Wright were worth $4,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $69,000. IHT Wealth Management LLC purchased a new position in shares of Curtiss-Wright in the third quarter worth $229,000. HighTower Advisors LLC boosted its position in shares of Curtiss-Wright by 16.9% during the third quarter. HighTower Advisors LLC now owns 12,794 shares of the aerospace company's stock valued at $4,216,000 after buying an additional 1,849 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in Curtiss-Wright in the 3rd quarter worth about $414,000. Finally, ArrowMark Colorado Holdings LLC increased its holdings in Curtiss-Wright by 4.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 245,644 shares of the aerospace company's stock worth $80,741,000 after buying an additional 10,959 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

CW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday. They set a "buy" rating and a $452.00 price target for the company. StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. 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 research report on Friday, August 9th. Truist Financial lifted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Finally, Alembic Global Advisors started 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus target price of $379.00.

Insider Activity

In related news, VP John C. Watts sold 412 shares of Curtiss-Wright 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 completion of the sale, the vice president now owns 4,183 shares of the company's stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company's stock.

Curtiss-Wright Trading Up 0.3 %

NYSE:CW traded up $1.01 during midday trading on Thursday, hitting $380.19. The stock had a trading volume of 271,552 shares, compared to its average volume of 225,396. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 35.89 and a beta of 1.18. 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 one year low of $212.05 and a one year high of $393.40. The stock has a 50-day moving average of $357.08 and a 200 day moving average of $312.45.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were issued 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 is presently 7.95%.

About Curtiss-Wright

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.