Curtiss-Wright Co. (NYSE:CW) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,951 shares of the aerospace company's stock after selling 43,445 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.68% of Curtiss-Wright worth $85,115,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CW. International Assets Investment Management LLC boosted 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 in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of 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 buying an additional 301,394 shares in the last quarter. Congress Asset Management Co. raised its stake in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock worth $150,893,000 after acquiring an additional 265,205 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Curtiss-Wright in the second quarter valued at $41,383,000. Finally, Van ECK Associates Corp boosted its stake in Curtiss-Wright by 79.2% in the second quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company's stock valued at $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 and hedge funds.

Insider Activity

In other news, VP John C. Watts sold 412 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.67% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW traded down $3.09 during mid-day trading on Friday, hitting $358.15. The company's stock had a trading volume of 411,806 shares, compared to its average volume of 225,014. The firm has a 50-day simple moving average of $342.77 and a 200 day simple moving average of $303.37. Curtiss-Wright Co. has a 1-year low of $209.01 and a 1-year high of $393.40. The firm has a market capitalization of $13.59 billion, a P/E ratio of 33.88 and a beta of 1.17. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.21 per share. The ex-dividend date 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%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CW. Morgan Stanley raised 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. Robert W. Baird increased their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Stifel Nicolaus upped their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Alembic Global Advisors began 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. Finally, StockNews.com downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $362.60.

Curtiss-Wright Company 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.