ING Groep NV raised its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 36.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,000 shares of the aerospace company's stock after purchasing an additional 8,000 shares during the period. ING Groep NV owned 0.08% of Curtiss-Wright worth $9,861,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc raised its stake 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 valued at $28,000 after acquiring an additional 101 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in shares of Curtiss-Wright during the second quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its position 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 worth $31,000 after buying an additional 116 shares during the period. Tsfg LLC grew 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. raised its holdings in shares of Curtiss-Wright by 303.8% during the 3rd 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 period. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. StockNews.com lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Finally, Truist Financial raised their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $362.60.
Check Out Our Latest Stock Report on CW
Curtiss-Wright Stock Performance
Shares of Curtiss-Wright stock traded down $3.09 during trading on Friday, hitting $358.15. 411,806 shares of the stock were exchanged, compared to its average volume of 225,014. The stock's fifty day moving average is $342.77 and its 200 day moving average is $303.37. The stock has a market cap of $13.59 billion, a PE ratio of 33.88 and a beta of 1.17. 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 Co. has a 12 month low of $209.01 and a 12 month high of $393.40.
Curtiss-Wright Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend 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%.
Insider Transactions at Curtiss-Wright
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 directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company 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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