Dean Investment Associates LLC lessened its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 16.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,497 shares of the aerospace company's stock after selling 1,653 shares during the period. Dean Investment Associates LLC's holdings in Curtiss-Wright were worth $2,793,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tsfg LLC lifted its stake in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock worth $34,000 after acquiring an additional 67 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in Curtiss-Wright during the 2nd quarter worth approximately $30,000. Brooklyn Investment Group acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $59,000. Finally, Morse Asset Management Inc purchased a new position in Curtiss-Wright in the 3rd quarter valued at approximately $69,000. Hedge funds and other institutional investors own 82.71% of the company's stock.
Analyst Ratings Changes
CW has been the topic of a number of recent research reports. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price objective on the stock. Truist Financial increased their price target on Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday. They set a "buy" rating and a $452.00 price objective for the company. Morgan Stanley raised 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. Finally, Stifel Nicolaus cut shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $379.00.
Check Out Our Latest Stock Analysis on Curtiss-Wright
Curtiss-Wright Stock Down 2.5 %
Curtiss-Wright stock traded down $9.42 during mid-day trading on Monday, hitting $366.59. The company had a trading volume of 521,956 shares, compared to its average volume of 226,470. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 34.68 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 1 year low of $212.05 and a 1 year high of $393.40. The business has a fifty day moving average of $359.92 and a 200 day moving average of $314.62.
Curtiss-Wright Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors 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 dividend payout ratio (DPR) is presently 7.95%.
Insiders Place Their Bets
In other news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction 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 transaction, the vice president now directly owns 4,183 shares of the company's stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.55% of the company's stock.
About Curtiss-Wright
(
Free Report)
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.
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