Townsquare Capital LLC Buys 9,387 Shares of Curtiss-Wright Co. (NYSE:CW)

Townsquare Capital LLC increased its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 73.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,144 shares of the aerospace company's stock after acquiring an additional 9,387 shares during the quarter. Townsquare Capital LLC owned 0.06% of Curtiss-Wright worth $7,278,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CW. Versant Capital Management Inc lifted its holdings in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company's stock worth $28,000 after purchasing an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in Curtiss-Wright during the second quarter worth $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company's stock valued at $31,000 after buying an additional 116 shares in the last quarter. Tsfg LLC lifted its stake in shares of Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after buying an additional 67 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock valued at $35,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Trading Down 1.0 %

Shares of Curtiss-Wright stock traded down $3.68 during trading on Thursday, reaching $371.37. The company's stock had a trading volume of 124,073 shares, compared to its average volume of 226,193. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 35.13 and a beta of 1.17. The firm's 50-day moving average is $352.41 and its two-hundred day moving average is $309.06. Curtiss-Wright Co. has a 52-week low of $209.01 and a 52-week high of $393.40. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

CW has been the subject of a number of recent research reports. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price objective for the company. Truist Financial upped their price target on Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Robert W. Baird raised their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. StockNews.com lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Finally, Morgan Stanley increased their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $364.40.

Insiders Place Their Bets

In related news, VP John C. Watts sold 412 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was 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 of the company's stock, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by company insiders.

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.