Hantz Financial Services Inc. raised its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 532.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,960 shares of the aerospace company's stock after acquiring an additional 28,588 shares during the quarter. Hantz Financial Services Inc. owned about 0.09% of Curtiss-Wright worth $11,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock worth $133,102,000 after acquiring an additional 403,701 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company's stock worth $81,943,000 after buying an additional 301,394 shares in the last quarter. Congress Asset Management Co. raised its position in shares of Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock worth $150,893,000 after buying an additional 265,205 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Curtiss-Wright during the second quarter valued at $41,383,000. Finally, Van ECK Associates Corp grew its position in Curtiss-Wright by 79.2% during the second quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company's stock worth $53,318,000 after buying an additional 86,955 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.
Curtiss-Wright Trading Up 0.7 %
Shares of CW traded up $2.43 during trading hours on Friday, hitting $373.80. The company had a trading volume of 131,456 shares, compared to its average volume of 225,783. The firm has a market cap of $14.19 billion, a P/E ratio of 35.35 and a beta of 1.17. Curtiss-Wright Co. has a 52-week low of $211.41 and a 52-week high of $393.40. The stock's 50 day moving average price is $353.48 and its 200 day moving average price is $309.50. 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 Announces Dividend
The company also recently announced 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 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Friday, November 22nd. Curtiss-Wright's payout ratio is 7.95%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. StockNews.com downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Robert W. Baird raised their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a research report on Friday, August 9th. Stifel Nicolaus downgraded shares of 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 research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and a consensus price target of $364.40.
Get Our Latest Analysis on CW
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 that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares of the company's stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company's stock.
Curtiss-Wright Profile
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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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