International Assets Investment Management LLC lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 99.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,223 shares of the aerospace company's stock after selling 403,723 shares during the quarter. International Assets Investment Management LLC's holdings in Curtiss-Wright were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of CW. Private Advisor Group LLC boosted its position in shares of Curtiss-Wright by 3.5% in the 2nd quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company's stock valued at $592,000 after purchasing an additional 73 shares during the period. Caprock Group LLC purchased a new position in shares of Curtiss-Wright during the second quarter worth approximately $213,000. PFG Investments LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $200,000. Prudential PLC purchased a new stake in Curtiss-Wright in the 2nd quarter valued at $339,000. Finally, Choreo LLC purchased a new stake in Curtiss-Wright in the 2nd quarter valued at $466,000. Hedge funds and other institutional investors own 82.71% of the company's stock.
Insiders Place Their Bets
In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares of the company's stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John C. Watts sold 412 shares of the 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 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 disclosure for this sale can be found here. In the last ninety days, insiders have purchased 116 shares of company stock worth $35,278. Corporate insiders own 0.67% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective on the stock. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Truist Financial increased their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price on the stock. Finally, Stifel Nicolaus downgraded 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $379.00.
Check Out Our Latest Analysis on CW
Curtiss-Wright Stock Performance
Shares of CW stock traded down $1.93 during trading hours on Friday, reaching $349.99. 258,717 shares of the company's stock were exchanged, compared to its average volume of 301,486. 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 Co. has a 1 year low of $217.20 and a 1 year high of $393.40. The company has a market cap of $13.28 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The company's 50 day moving average is $364.84 and its two-hundred day moving average is $328.58.
Curtiss-Wright Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.95%.
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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