Intech Investment Management LLC reduced its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 72.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,218 shares of the aerospace company's stock after selling 3,236 shares during the quarter. Intech Investment Management LLC's holdings in Curtiss-Wright were worth $400,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position 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 valued at $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in 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 purchasing an additional 301,394 shares during the period. Congress Asset Management Co. raised its holdings in 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 purchasing an additional 265,205 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Curtiss-Wright during the second quarter valued at $41,383,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Curtiss-Wright by 79.2% during the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company's stock valued at $53,318,000 after buying an additional 86,955 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Curtiss-Wright
In other news, VP John C. Watts sold 412 shares of the company's stock in a transaction dated 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 represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.55% of the company's stock.
Curtiss-Wright Stock Up 0.7 %
Shares of Curtiss-Wright stock traded up $2.71 on Tuesday, reaching $371.06. The company's stock had a trading volume of 245,990 shares, compared to its average volume of 251,507. Curtiss-Wright Co. has a 52 week low of $212.05 and a 52 week high of $393.40. The firm's fifty day simple moving average is $355.10 and its two-hundred day simple moving average is $311.32. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 35.10 and a beta of 1.18.
Curtiss-Wright Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, November 22nd. Curtiss-Wright's payout ratio is presently 7.95%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on CW shares. Robert W. Baird boosted their price objective 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. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. StockNews.com lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Stifel Nicolaus downgraded Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Finally, Truist Financial lifted their price target on 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 four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price of $364.40.
Read Our Latest Report on CW
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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