Bridgewater Associates LP Boosts Holdings in Curtiss-Wright Co. (NYSE:CW)

Bridgewater Associates LP increased its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 1,314.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,911 shares of the aerospace company's stock after buying an additional 17,574 shares during the period. Bridgewater Associates LP's holdings in Curtiss-Wright were worth $6,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in shares of Curtiss-Wright during the 2nd quarter valued at about $41,383,000. Cetera Advisors LLC grew its position in shares of 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 buying an additional 2,548 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake 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 acquiring an additional 301,394 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Curtiss-Wright during the 2nd quarter valued at $3,025,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Curtiss-Wright by 140.9% during the second quarter. Sequoia Financial Advisors LLC now owns 6,469 shares of the aerospace company's stock worth $1,753,000 after acquiring an additional 3,784 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity

In related news, VP John C. Watts sold 412 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were 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. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CW shares. Robert W. Baird upped their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Truist Financial boosted their target price on shares of 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 cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus target price of $364.40.

Curtiss-Wright Trading Up 0.6 %

Shares of CW stock traded up $2.26 on Friday, hitting $373.63. 131,456 shares of the company's stock traded hands, compared to its average volume of 225,783. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 35.35 and a beta of 1.17. Curtiss-Wright Co. has a one year low of $211.41 and a one year high of $393.40. The company's fifty day simple moving average is $354.39 and its 200 day simple moving average is $310.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98.

Curtiss-Wright Announces Dividend

The firm 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 0.22%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright's payout ratio is 7.95%.

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.