Fmr LLC Has $52.61 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

FMR LLC increased its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 27.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 160,065 shares of the aerospace company's stock after buying an additional 34,706 shares during the period. FMR LLC owned about 0.42% of Curtiss-Wright worth $52,612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC lifted its position in Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company's stock valued at $23,158,000 after purchasing an additional 5,437 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Curtiss-Wright by 144.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 661 shares of the aerospace company's stock valued at $217,000 after purchasing an additional 391 shares during the last quarter. Algert Global LLC lifted its position in Curtiss-Wright by 10.2% in the 3rd quarter. Algert Global LLC now owns 50,274 shares of the aerospace company's stock valued at $16,525,000 after purchasing an additional 4,656 shares during the last quarter. Cerity Partners LLC lifted its position in Curtiss-Wright by 20.9% in the 3rd quarter. Cerity Partners LLC now owns 6,661 shares of the aerospace company's stock valued at $2,189,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Curtiss-Wright by 6.4% in the 3rd quarter. Citigroup Inc. now owns 56,058 shares of the aerospace company's stock valued at $18,426,000 after purchasing an additional 3,362 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research report on Thursday. They set a "buy" rating and a $452.00 price target on the stock. StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target on the stock. Finally, Truist Financial boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $379.00.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the business's 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 completion of the sale, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company's stock.

Curtiss-Wright Stock Down 1.1 %

CW traded down $4.18 on Friday, reaching $376.01. 183,694 shares of the company traded hands, compared to its average volume of 241,729. The stock's 50 day moving average price is $359.17 and its 200-day moving average price is $313.79. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 35.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were 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 was Friday, November 22nd. Curtiss-Wright's dividend payout ratio (DPR) 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.